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This property looks like a bad Mid-Term investment with a projected -28.7% first-year return on $648k initial cash invested.
-28.7%
Cash On Cash
0.1%
Cap Rate
0.02
DSCR
$2,421
Rent
-$15,495
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$2,421 income − $17,916 expenses = $15,495 out of pocket
Investment Breakdown
|
Purchase Price
$2999k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$648k
Downpayment
20%
$600k
Closing costs
1%
$29,990
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$2,421
Total Expenses
$17,916
Mortgage P&I
646%
$15,638
Property Taxes
17%
$404
Home Insurance
43%
$1,050
HOA
0%
$0
Property Management
12%
$291
CapEx
4%
$97
Vacancy
3%
$73
Maintenance
4%
$97
Other
11%
$266