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This property looks like a bad Mid-Term investment with a projected -3.63% first-year return on $69,723 initial cash invested.
-3.63%
Cash On Cash
5.62%
Cap Rate
0.89
DSCR
$1,848
Rent
-$211
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$1,848 income − $2,059 expenses = $211 out of pocket
Investment Breakdown
|
Purchase Price
$246k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$69,723
Downpayment
20%
$49,260
Closing costs
1%
$2,463
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$1,848
Total Expenses
$2,059
Mortgage P&I
70%
$1,291
Property Taxes
3%
$53
Home Insurance
5%
$87
HOA
0%
$0
Property Management
12%
$222
CapEx
4%
$74
Vacancy
3%
$55
Maintenance
4%
$74
Other
11%
$203