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This property looks like a bad Mid-Term investment with a projected -12% first-year return on $340k initial cash invested.
-12%
Cash On Cash
3.57%
Cap Rate
0.6
DSCR
$8,901
Rent
-$3,396
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$8,901 income − $12,297 expenses = $3,396 out of pocket
Investment Breakdown
|
Purchase Price
$1531k
Downpayment
20.0%
Interest Rate
6.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$340k
Downpayment
20%
$306k
Closing costs
1%
$15,314
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$8,901
Total Expenses
$12,297
Mortgage P&I
85%
$7,596
Property Taxes
12%
$1,080
Home Insurance
5%
$479
HOA
1%
$116
Property Management
12%
$1,068
CapEx
4%
$356
Vacancy
3%
$267
Maintenance
4%
$356
Other
11%
$979