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This property looks like a bad Mid-Term investment with a projected -29.16% first-year return on $1803k initial cash invested.
-29.16%
Cash On Cash
-0.18%
Cap Rate
-0.03
DSCR
$6,058
Rent
-$43,806
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$6,058 income − $49,864 expenses = $43,806 out of pocket
Investment Breakdown
|
Purchase Price
$8500k
Downpayment
20.0%
Interest Rate
6.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$1803k
Downpayment
20%
$1700k
Closing costs
1%
$85,000
Rehab
0%
$0
Furnishing
0%
$18,000
Cashflow
Total Income
$6,058
Total Expenses
$49,864
Mortgage P&I
698%
$42,272
Property Taxes
42%
$2,558
Home Insurance
49%
$2,975
HOA
0%
$0
Property Management
12%
$727
CapEx
4%
$242
Vacancy
3%
$182
Maintenance
4%
$242
Other
11%
$666