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This property looks like a bad Mid-Term investment with a projected -19.07% first-year return on $491k initial cash invested.
-19.07%
Cash On Cash
2.15%
Cap Rate
0.35
DSCR
$9,750
Rent
-$7,794
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$9,750 income − $17,544 expenses = $7,794 out of pocket
Investment Breakdown
|
Purchase Price
$2250k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$491k
Downpayment
20%
$450k
Closing costs
1%
$22,500
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$9,750
Total Expenses
$17,544
Mortgage P&I
117%
$11,436
Property Taxes
21%
$2,006
Home Insurance
8%
$788
HOA
0%
$0
Property Management
12%
$1,170
CapEx
4%
$390
Vacancy
3%
$292
Maintenance
4%
$390
Other
11%
$1,072