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This property looks like a bad Mid-Term investment with a projected -18.33% first-year return on $490k initial cash invested.
-18.33%
Cash On Cash
2.16%
Cap Rate
0.36
DSCR
$9,027
Rent
-$7,488
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$9,027 income − $16,515 expenses = $7,488 out of pocket
Investment Breakdown
|
Purchase Price
$2249k
Downpayment
20.0%
Interest Rate
6.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$490k
Downpayment
20%
$450k
Closing costs
1%
$22,490
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$9,027
Total Expenses
$16,515
Mortgage P&I
124%
$11,181
Property Taxes
15%
$1,357
Home Insurance
9%
$787
HOA
1%
$121
Property Management
12%
$1,083
CapEx
4%
$361
Vacancy
3%
$271
Maintenance
4%
$361
Other
11%
$993