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This property looks like a bad Mid-Term investment with a projected -11.97% first-year return on $354k initial cash invested.
-11.97%
Cash On Cash
3.6%
Cap Rate
0.6
DSCR
$8,030
Rent
-$3,531
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$8,030 income − $11,561 expenses = $3,531 out of pocket
Investment Breakdown
|
Purchase Price
$1600k
Downpayment
20.0%
Interest Rate
6.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$354k
Downpayment
20%
$320k
Closing costs
1%
$16,000
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$8,030
Total Expenses
$11,561
Mortgage P&I
100%
$8,009
Property Taxes
3%
$262
Home Insurance
7%
$560
HOA
0%
$0
Property Management
12%
$964
CapEx
4%
$321
Vacancy
3%
$241
Maintenance
4%
$321
Other
11%
$883