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This property looks like a bad Mid-Term investment with a projected -21.97% first-year return on $468k initial cash invested.
-21.97%
Cash On Cash
1.41%
Cap Rate
0.23
DSCR
$7,818
Rent
-$8,562
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$7,818 income − $16,380 expenses = $8,562 out of pocket
Investment Breakdown
|
Purchase Price
$2141k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$468k
Downpayment
20%
$428k
Closing costs
1%
$21,412
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$7,818
Total Expenses
$16,380
Mortgage P&I
138%
$10,769
Property Taxes
28%
$2,182
Home Insurance
10%
$770
HOA
0%
$0
Property Management
12%
$938
CapEx
4%
$313
Vacancy
3%
$235
Maintenance
4%
$313
Other
11%
$860