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This property looks like a bad Mid-Term investment with a projected -20.89% first-year return on $628k initial cash invested.
-20.89%
Cash On Cash
1.69%
Cap Rate
0.28
DSCR
$11,972
Rent
-$10,928
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$11,972 income − $22,900 expenses = $10,928 out of pocket
Investment Breakdown
|
Purchase Price
$2904k
Downpayment
20.0%
Interest Rate
6.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$628k
Downpayment
20%
$581k
Closing costs
1%
$29,041
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$11,972
Total Expenses
$22,900
Mortgage P&I
122%
$14,546
Property Taxes
22%
$2,648
Home Insurance
9%
$1,048
HOA
5%
$587
Property Management
12%
$1,437
CapEx
4%
$479
Vacancy
3%
$359
Maintenance
4%
$479
Other
11%
$1,317