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This property looks like a bad Mid-Term investment with a projected -7.32% first-year return on $355k initial cash invested.
-7.32%
Cash On Cash
4.64%
Cap Rate
0.78
DSCR
$9,978
Rent
-$2,168
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$9,978 income − $12,146 expenses = $2,168 out of pocket
Investment Breakdown
|
Purchase Price
$1606k
Downpayment
20.0%
Interest Rate
6.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$355k
Downpayment
20%
$321k
Closing costs
1%
$16,058
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$9,978
Total Expenses
$12,146
Mortgage P&I
80%
$7,983
Property Taxes
2%
$216
Home Insurance
6%
$555
HOA
0%
$0
Property Management
12%
$1,197
CapEx
4%
$399
Vacancy
3%
$299
Maintenance
4%
$399
Other
11%
$1,098