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This property looks like a bad Mid-Term investment with a projected -21.69% first-year return on $516k initial cash invested.
-21.69%
Cash On Cash
1.36%
Cap Rate
0.23
DSCR
$5,458
Rent
-$9,321
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$5,458 income − $14,779 expenses = $9,321 out of pocket
Investment Breakdown
|
Purchase Price
$2370k
Downpayment
20.0%
Interest Rate
6.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$516k
Downpayment
20%
$474k
Closing costs
1%
$23,700
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$5,458
Total Expenses
$14,779
Mortgage P&I
216%
$11,786
Property Taxes
6%
$308
Home Insurance
15%
$830
HOA
0%
$0
Property Management
12%
$655
CapEx
4%
$218
Vacancy
3%
$164
Maintenance
4%
$218
Other
11%
$600