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This property looks like a bad Mid-Term investment with a projected -11.29% first-year return on $406k initial cash invested.
-11.29%
Cash On Cash
3.8%
Cap Rate
0.63
DSCR
$9,660
Rent
-$3,823
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$9,660 income − $13,483 expenses = $3,823 out of pocket
Investment Breakdown
|
Purchase Price
$1849k
Downpayment
20.0%
Interest Rate
6.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$406k
Downpayment
20%
$370k
Closing costs
1%
$18,490
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$9,660
Total Expenses
$13,483
Mortgage P&I
96%
$9,291
Property Taxes
3%
$261
Home Insurance
7%
$647
HOA
0%
$0
Property Management
12%
$1,159
CapEx
4%
$386
Vacancy
3%
$290
Maintenance
4%
$386
Other
11%
$1,063