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This property looks like a bad Mid-Term investment with a projected -11.68% first-year return on $501k initial cash invested.
-11.68%
Cash On Cash
3.8%
Cap Rate
0.62
DSCR
$11,906
Rent
-$4,872
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$11,906 income − $16,778 expenses = $4,872 out of pocket
Investment Breakdown
|
Purchase Price
$2298k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$501k
Downpayment
20%
$460k
Closing costs
1%
$22,980
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$11,906
Total Expenses
$16,778
Mortgage P&I
98%
$11,674
Property Taxes
2%
$252
Home Insurance
7%
$804
HOA
0%
$0
Property Management
12%
$1,429
CapEx
4%
$476
Vacancy
3%
$357
Maintenance
4%
$476
Other
11%
$1,310