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This property looks like a bad Mid-Term investment with a projected -19.19% first-year return on $645k initial cash invested.
-19.19%
Cash On Cash
1.99%
Cap Rate
0.33
DSCR
$11,704
Rent
-$10,315
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$11,704 income − $22,019 expenses = $10,315 out of pocket
Investment Breakdown
|
Purchase Price
$2986k
Downpayment
20.0%
Interest Rate
6.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$645k
Downpayment
20%
$597k
Closing costs
1%
$29,859
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$11,704
Total Expenses
$22,019
Mortgage P&I
126%
$14,804
Property Taxes
20%
$2,397
Home Insurance
7%
$840
HOA
0%
$0
Property Management
12%
$1,404
CapEx
4%
$468
Vacancy
3%
$351
Maintenance
4%
$468
Other
11%
$1,287