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This property looks like a bad Mid-Term investment with a projected -23.93% first-year return on $480k initial cash invested.
-23.93%
Cash On Cash
1.53%
Cap Rate
0.23
DSCR
$8,222
Rent
-$9,563
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$8,222 income − $17,785 expenses = $9,563 out of pocket
Investment Breakdown
|
Purchase Price
$2198k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$480k
Downpayment
20%
$440k
Closing costs
1%
$21,980
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$8,222
Total Expenses
$17,785
Mortgage P&I
146%
$12,040
Property Taxes
27%
$2,180
Home Insurance
9%
$769
HOA
0%
$0
Property Management
12%
$987
CapEx
4%
$329
Vacancy
3%
$247
Maintenance
4%
$329
Other
11%
$904