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This property looks like a bad Mid-Term investment with a projected -8.84% first-year return on $224k initial cash invested.
-8.84%
Cash On Cash
4.17%
Cap Rate
0.71
DSCR
$6,320
Rent
-$1,650
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$6,320 income − $7,970 expenses = $1,650 out of pocket
Investment Breakdown
|
Purchase Price
$981k
Downpayment
20.0%
Interest Rate
6.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$224k
Downpayment
20%
$196k
Closing costs
1%
$9,810
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$6,320
Total Expenses
$7,970
Mortgage P&I
76%
$4,802
Property Taxes
11%
$669
Home Insurance
6%
$350
HOA
0%
$0
Property Management
12%
$758
CapEx
4%
$253
Vacancy
3%
$190
Maintenance
4%
$253
Other
11%
$695