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This property looks like a bad Mid-Term investment with a projected -25.72% first-year return on $638k initial cash invested.
-25.72%
Cash On Cash
0.88%
Cap Rate
0.14
DSCR
$5,571
Rent
-$13,662
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$5,571 income − $19,233 expenses = $13,662 out of pocket
Investment Breakdown
|
Purchase Price
$2950k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$638k
Downpayment
20%
$590k
Closing costs
1%
$29,500
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$5,571
Total Expenses
$19,233
Mortgage P&I
280%
$15,614
Property Taxes
12%
$692
Home Insurance
19%
$1,032
HOA
0%
$0
Property Management
12%
$669
CapEx
4%
$223
Vacancy
3%
$167
Maintenance
4%
$223
Other
11%
$613