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This property looks like a bad Mid-Term investment with a projected -17.73% first-year return on $627k initial cash invested.
-17.73%
Cash On Cash
2.23%
Cap Rate
0.38
DSCR
$9,484
Rent
-$9,258
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Investment Breakdown
|
Purchase Price
$2898k
Downpayment
20.0%
Interest Rate
6.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$627k
Downpayment
20%
$580k
Closing costs
1%
$28,980
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$9,484
Total Expenses
$18,742
Mortgage P&I
151%
$14,273
Property Taxes
2%
$231
Home Insurance
11%
$1,014
HOA
0%
$0
Property Management
12%
$1,138
CapEx
4%
$379
Vacancy
3%
$285
Maintenance
4%
$379
Other
11%
$1,043