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This property looks like a bad Mid-Term investment with a projected -21.34% first-year return on $700k initial cash invested.
-21.34%
Cash On Cash
1.6%
Cap Rate
0.27
DSCR
$11,904
Rent
-$12,445
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$11,904 income − $24,349 expenses = $12,445 out of pocket
Investment Breakdown
|
Purchase Price
$3247k
Downpayment
20.0%
Interest Rate
6.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$700k
Downpayment
20%
$649k
Closing costs
1%
$32,469
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$11,904
Total Expenses
$24,349
Mortgage P&I
137%
$16,302
Property Taxes
25%
$2,917
Home Insurance
9%
$1,084
HOA
0%
$0
Property Management
12%
$1,428
CapEx
4%
$476
Vacancy
3%
$357
Maintenance
4%
$476
Other
11%
$1,309