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This property looks like a bad Mid-Term investment with a projected -8.09% first-year return on $221k initial cash invested.
-8.09%
Cash On Cash
4.46%
Cap Rate
0.74
DSCR
$6,062
Rent
-$1,491
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$6,062 income − $7,553 expenses = $1,491 out of pocket
Investment Breakdown
|
Purchase Price
$968k
Downpayment
20.0%
Interest Rate
6.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$221k
Downpayment
20%
$194k
Closing costs
1%
$9,676
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$6,062
Total Expenses
$7,553
Mortgage P&I
80%
$4,845
Property Taxes
6%
$337
Home Insurance
5%
$311
HOA
0%
$0
Property Management
12%
$727
CapEx
4%
$242
Vacancy
3%
$182
Maintenance
4%
$242
Other
11%
$667