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This property looks like a bad Mid-Term investment with a projected -22.82% first-year return on $622k initial cash invested.
-22.82%
Cash On Cash
1.4%
Cap Rate
0.23
DSCR
$10,179
Rent
-$11,837
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$10,179 income − $22,016 expenses = $11,837 out of pocket
Investment Breakdown
|
Purchase Price
$2878k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$622k
Downpayment
20%
$576k
Closing costs
1%
$28,778
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$10,179
Total Expenses
$22,016
Mortgage P&I
145%
$14,795
Property Taxes
26%
$2,678
Home Insurance
11%
$1,083
HOA
0%
$0
Property Management
12%
$1,221
CapEx
4%
$407
Vacancy
3%
$305
Maintenance
4%
$407
Other
11%
$1,120