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This property looks like a bad Mid-Term investment with a projected -28.86% first-year return on $622k initial cash invested.
-28.86%
Cash On Cash
0.12%
Cap Rate
0.02
DSCR
$6,164
Rent
-$14,950
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$6,164 income − $21,114 expenses = $14,950 out of pocket
Investment Breakdown
|
Purchase Price
$2874k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$622k
Downpayment
20%
$575k
Closing costs
1%
$28,740
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$6,164
Total Expenses
$21,114
Mortgage P&I
243%
$14,992
Property Taxes
48%
$2,975
Home Insurance
17%
$1,050
HOA
0%
$0
Property Management
12%
$740
CapEx
4%
$247
Vacancy
3%
$185
Maintenance
4%
$247
Other
11%
$678