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This property looks like a bad Mid-Term investment with a projected -18.86% first-year return on $660k initial cash invested.
-18.86%
Cash On Cash
2.08%
Cap Rate
0.35
DSCR
$11,962
Rent
-$10,379
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$11,962 income − $22,341 expenses = $10,379 out of pocket
Investment Breakdown
|
Purchase Price
$3060k
Downpayment
20.0%
Interest Rate
6.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$660k
Downpayment
20%
$612k
Closing costs
1%
$30,595
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$11,962
Total Expenses
$22,341
Mortgage P&I
127%
$15,211
Property Taxes
16%
$1,948
Home Insurance
9%
$1,116
HOA
0%
$0
Property Management
12%
$1,435
CapEx
4%
$478
Vacancy
3%
$359
Maintenance
4%
$478
Other
11%
$1,316