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This property looks like a bad Mid-Term investment with a projected -18.5% first-year return on $620k initial cash invested.
-18.5%
Cash On Cash
2.24%
Cap Rate
0.37
DSCR
$11,728
Rent
-$9,556
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$11,728 income − $21,284 expenses = $9,556 out of pocket
Investment Breakdown
|
Purchase Price
$2865k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$620k
Downpayment
20%
$573k
Closing costs
1%
$28,653
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$11,728
Total Expenses
$21,284
Mortgage P&I
123%
$14,445
Property Taxes
16%
$1,839
Home Insurance
9%
$1,013
HOA
0%
$0
Property Management
12%
$1,407
CapEx
4%
$469
Vacancy
3%
$352
Maintenance
4%
$469
Other
11%
$1,290