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This property looks like a bad Mid-Term investment with a projected -18.39% first-year return on $470k initial cash invested.
-18.39%
Cash On Cash
2.24%
Cap Rate
0.37
DSCR
$9,542
Rent
-$7,206
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$9,542 income − $16,748 expenses = $7,206 out of pocket
Investment Breakdown
|
Purchase Price
$2154k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$470k
Downpayment
20%
$431k
Closing costs
1%
$21,538
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$9,542
Total Expenses
$16,748
Mortgage P&I
114%
$10,853
Property Taxes
20%
$1,881
Home Insurance
8%
$769
HOA
0%
$0
Property Management
12%
$1,145
CapEx
4%
$382
Vacancy
3%
$286
Maintenance
4%
$382
Other
11%
$1,050