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This property looks like a bad Mid-Term investment with a projected -17.66% first-year return on $694k initial cash invested.
-17.66%
Cash On Cash
2.28%
Cap Rate
0.39
DSCR
$11,754
Rent
-$10,206
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$11,754 income − $21,960 expenses = $10,206 out of pocket
Investment Breakdown
|
Purchase Price
$3218k
Downpayment
20.0%
Interest Rate
6.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$694k
Downpayment
20%
$644k
Closing costs
1%
$32,175
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$11,754
Total Expenses
$21,960
Mortgage P&I
135%
$15,839
Property Taxes
8%
$972
Home Insurance
10%
$1,153
HOA
0%
$0
Property Management
12%
$1,410
CapEx
4%
$470
Vacancy
3%
$353
Maintenance
4%
$470
Other
11%
$1,293