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This property looks like a bad Mid-Term investment with a projected -21.83% first-year return on $567k initial cash invested.
-21.83%
Cash On Cash
1.46%
Cap Rate
0.24
DSCR
$9,394
Rent
-$10,323
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$9,394 income − $19,717 expenses = $10,323 out of pocket
Investment Breakdown
|
Purchase Price
$2616k
Downpayment
20.0%
Interest Rate
6.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$567k
Downpayment
20%
$523k
Closing costs
1%
$26,163
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$9,394
Total Expenses
$19,717
Mortgage P&I
140%
$13,126
Property Taxes
26%
$2,452
Home Insurance
10%
$945
HOA
0%
$0
Property Management
12%
$1,127
CapEx
4%
$376
Vacancy
3%
$282
Maintenance
4%
$376
Other
11%
$1,033