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This property looks like a bad Mid-Term investment with a projected -29.05% first-year return on $609k initial cash invested.
-29.05%
Cash On Cash
0.62%
Cap Rate
0.09
DSCR
$7,724
Rent
-$14,741
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$7,724 income − $22,465 expenses = $14,741 out of pocket
Investment Breakdown
|
Purchase Price
$2814k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$609k
Downpayment
20%
$563k
Closing costs
1%
$28,141
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$7,724
Total Expenses
$22,465
Mortgage P&I
206%
$15,886
Property Taxes
41%
$3,147
Home Insurance
10%
$805
HOA
0%
$0
Property Management
12%
$927
CapEx
4%
$309
Vacancy
3%
$232
Maintenance
4%
$309
Other
11%
$850