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This property looks like a bad Mid-Term investment with a projected -16.23% first-year return on $224k initial cash invested.
-16.23%
Cash On Cash
2.45%
Cap Rate
0.41
DSCR
$4,704
Rent
-$3,033
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$4,704 income − $7,737 expenses = $3,033 out of pocket
Investment Breakdown
|
Purchase Price
$982k
Downpayment
20.0%
Interest Rate
6.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$224k
Downpayment
20%
$196k
Closing costs
1%
$9,824
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$4,704
Total Expenses
$7,737
Mortgage P&I
103%
$4,853
Property Taxes
20%
$945
Home Insurance
7%
$341
HOA
0%
$0
Property Management
12%
$564
CapEx
4%
$188
Vacancy
3%
$141
Maintenance
4%
$188
Other
11%
$517