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This property looks like a bad Mid-Term investment with a projected -22.07% first-year return on $605k initial cash invested.
-22.07%
Cash On Cash
1.39%
Cap Rate
0.23
DSCR
$9,792
Rent
-$11,126
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$9,792 income − $20,918 expenses = $11,126 out of pocket
Investment Breakdown
|
Purchase Price
$2795k
Downpayment
20.0%
Interest Rate
6.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$605k
Downpayment
20%
$559k
Closing costs
1%
$27,950
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$9,792
Total Expenses
$20,918
Mortgage P&I
143%
$13,978
Property Taxes
27%
$2,632
Home Insurance
10%
$978
HOA
0%
$0
Property Management
12%
$1,175
CapEx
4%
$392
Vacancy
3%
$294
Maintenance
4%
$392
Other
11%
$1,077