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This property looks like a bad Mid-Term investment with a projected -15.85% first-year return on $500k initial cash invested.
-15.85%
Cash On Cash
2.9%
Cap Rate
0.47
DSCR
$11,682
Rent
-$6,605
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$11,682 income − $18,287 expenses = $6,605 out of pocket
Investment Breakdown
|
Purchase Price
$2295k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$500k
Downpayment
20%
$459k
Closing costs
1%
$22,950
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$11,682
Total Expenses
$18,287
Mortgage P&I
100%
$11,680
Property Taxes
16%
$1,833
Home Insurance
7%
$803
HOA
0%
$0
Property Management
12%
$1,402
CapEx
4%
$467
Vacancy
3%
$350
Maintenance
4%
$467
Other
11%
$1,285