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This property looks like a bad Mid-Term investment with a projected -19.61% first-year return on $505k initial cash invested.
-19.61%
Cash On Cash
1.89%
Cap Rate
0.32
DSCR
$9,004
Rent
-$8,261
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$9,004 income − $17,265 expenses = $8,261 out of pocket
Investment Breakdown
|
Purchase Price
$2321k
Downpayment
20.0%
Interest Rate
6.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$505k
Downpayment
20%
$464k
Closing costs
1%
$23,209
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$9,004
Total Expenses
$17,265
Mortgage P&I
128%
$11,564
Property Taxes
20%
$1,810
Home Insurance
9%
$831
HOA
0%
$0
Property Management
12%
$1,080
CapEx
4%
$360
Vacancy
3%
$270
Maintenance
4%
$360
Other
11%
$990