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This property looks like a bad Mid-Term investment with a projected -25.81% first-year return on $638k initial cash invested.
-25.81%
Cash On Cash
0.44%
Cap Rate
0.07
DSCR
$3,166
Rent
-$13,710
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$3,166 income − $16,876 expenses = $13,710 out of pocket
Investment Breakdown
|
Purchase Price
$2950k
Downpayment
20.0%
Interest Rate
6.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$638k
Downpayment
20%
$590k
Closing costs
1%
$29,500
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$3,166
Total Expenses
$16,876
Mortgage P&I
463%
$14,654
Property Taxes
4%
$113
Home Insurance
33%
$1,032
HOA
0%
$0
Property Management
12%
$380
CapEx
4%
$127
Vacancy
3%
$95
Maintenance
4%
$127
Other
11%
$348