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This property looks like a bad Mid-Term investment with a projected -14.25% first-year return on $291k initial cash invested.
-14.25%
Cash On Cash
3.4%
Cap Rate
0.54
DSCR
$7,605
Rent
-$3,454
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$7,605 income − $11,059 expenses = $3,454 out of pocket
Investment Breakdown
|
Purchase Price
$1299k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$291k
Downpayment
20%
$260k
Closing costs
1%
$12,990
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$7,605
Total Expenses
$11,059
Mortgage P&I
90%
$6,826
Property Taxes
16%
$1,192
Home Insurance
6%
$455
HOA
0%
$0
Property Management
12%
$913
CapEx
4%
$304
Vacancy
3%
$228
Maintenance
4%
$304
Other
11%
$837