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This property looks like a bad Mid-Term investment with a projected -21.89% first-year return on $640k initial cash invested.
-21.89%
Cash On Cash
1.45%
Cap Rate
0.24
DSCR
$10,728
Rent
-$11,669
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$10,728 income − $22,397 expenses = $11,669 out of pocket
Investment Breakdown
|
Purchase Price
$2961k
Downpayment
20.0%
Interest Rate
6.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$640k
Downpayment
20%
$592k
Closing costs
1%
$29,611
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$10,728
Total Expenses
$22,397
Mortgage P&I
138%
$14,817
Property Taxes
25%
$2,684
Home Insurance
10%
$1,049
HOA
2%
$200
Property Management
12%
$1,287
CapEx
4%
$429
Vacancy
3%
$322
Maintenance
4%
$429
Other
11%
$1,180