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This property looks like a bad Mid-Term investment with a projected -17.92% first-year return on $602k initial cash invested.
-17.92%
Cash On Cash
2.53%
Cap Rate
0.41
DSCR
$10,521
Rent
-$8,996
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$10,521 income − $19,517 expenses = $8,996 out of pocket
Investment Breakdown
|
Purchase Price
$2783k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$602k
Downpayment
20%
$557k
Closing costs
1%
$27,829
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$10,521
Total Expenses
$19,517
Mortgage P&I
137%
$14,440
Property Taxes
4%
$429
Home Insurance
10%
$1,032
HOA
0%
$38
Property Management
12%
$1,263
CapEx
4%
$421
Vacancy
3%
$316
Maintenance
4%
$421
Other
11%
$1,157