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This property looks like a bad Mid-Term investment with a projected -18.21% first-year return on $570k initial cash invested.
-18.21%
Cash On Cash
2.25%
Cap Rate
0.37
DSCR
$10,612
Rent
-$8,651
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$10,612 income − $19,263 expenses = $8,651 out of pocket
Investment Breakdown
|
Purchase Price
$2629k
Downpayment
20.0%
Interest Rate
6.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$570k
Downpayment
20%
$526k
Closing costs
1%
$26,290
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$10,612
Total Expenses
$19,263
Mortgage P&I
124%
$13,150
Property Taxes
16%
$1,739
Home Insurance
7%
$768
HOA
0%
$0
Property Management
12%
$1,273
CapEx
4%
$424
Vacancy
3%
$318
Maintenance
4%
$424
Other
11%
$1,167