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This property looks like a bad Mid-Term investment with a projected -16.71% first-year return on $644k initial cash invested.
-16.71%
Cash On Cash
2.63%
Cap Rate
0.43
DSCR
$11,686
Rent
-$8,967
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$11,686 income − $20,653 expenses = $8,967 out of pocket
Investment Breakdown
|
Purchase Price
$2980k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$644k
Downpayment
20%
$596k
Closing costs
1%
$29,800
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$11,686
Total Expenses
$20,653
Mortgage P&I
129%
$15,029
Property Taxes
5%
$609
Home Insurance
9%
$1,043
HOA
0%
$0
Property Management
12%
$1,402
CapEx
4%
$467
Vacancy
3%
$351
Maintenance
4%
$467
Other
11%
$1,285