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This property looks like a bad Mid-Term investment with a projected -42.68% first-year return on $501k initial cash invested.
-42.68%
Cash On Cash
-2.98%
Cap Rate
-0.49
DSCR
$9,490
Rent
-$17,819
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$9,490 income − $27,309 expenses = $17,819 out of pocket
Investment Breakdown
|
Purchase Price
$2300k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$501k
Downpayment
20%
$460k
Closing costs
1%
$23,000
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$9,490
Total Expenses
$27,309
Mortgage P&I
124%
$11,727
Property Taxes
7%
$621
Home Insurance
8%
$805
HOA
115%
$10,928
Property Management
12%
$1,139
CapEx
4%
$380
Vacancy
3%
$285
Maintenance
4%
$380
Other
11%
$1,044