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This property looks like a bad Mid-Term investment with a projected -19.91% first-year return on $500k initial cash invested.
-19.91%
Cash On Cash
1.9%
Cap Rate
0.31
DSCR
$7,178
Rent
-$8,293
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$7,178 income − $15,471 expenses = $8,293 out of pocket
Investment Breakdown
|
Purchase Price
$2295k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$500k
Downpayment
20%
$459k
Closing costs
1%
$22,950
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$7,178
Total Expenses
$15,471
Mortgage P&I
162%
$11,649
Property Taxes
8%
$579
Home Insurance
11%
$803
HOA
0%
$0
Property Management
12%
$861
CapEx
4%
$287
Vacancy
3%
$215
Maintenance
4%
$287
Other
11%
$790