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This property looks like a bad Mid-Term investment with a projected -16.9% first-year return on $1299k initial cash invested.
-16.9%
Cash On Cash
2.59%
Cap Rate
0.43
DSCR
$22,500
Rent
-$18,290
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$22,500 income − $40,790 expenses = $18,290 out of pocket
Investment Breakdown
|
Purchase Price
$6100k
Downpayment
20.0%
Interest Rate
6.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$1299k
Downpayment
20%
$1220k
Closing costs
1%
$61,000
Rehab
0%
$0
Furnishing
0%
$18,000
Cashflow
Total Income
$22,500
Total Expenses
$40,790
Mortgage P&I
136%
$30,544
Property Taxes
2%
$461
Home Insurance
9%
$2,135
HOA
0%
$0
Property Management
12%
$2,700
CapEx
4%
$900
Vacancy
3%
$675
Maintenance
4%
$900
Other
11%
$2,475