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This property looks like a bad Mid-Term investment with a projected -17.43% first-year return on $585k initial cash invested.
-17.43%
Cash On Cash
2.49%
Cap Rate
0.41
DSCR
$9,996
Rent
-$8,498
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$9,996 income − $18,494 expenses = $8,498 out of pocket
Investment Breakdown
|
Purchase Price
$2700k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$585k
Downpayment
20%
$540k
Closing costs
1%
$27,000
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$9,996
Total Expenses
$18,494
Mortgage P&I
137%
$13,710
Property Taxes
4%
$439
Home Insurance
9%
$945
HOA
0%
$0
Property Management
12%
$1,200
CapEx
4%
$400
Vacancy
3%
$300
Maintenance
4%
$400
Other
11%
$1,100