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This property looks like a bad Mid-Term investment with a projected -17.22% first-year return on $487k initial cash invested.
-17.22%
Cash On Cash
2.41%
Cap Rate
0.4
DSCR
$8,500
Rent
-$6,992
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$8,500 income − $15,492 expenses = $6,992 out of pocket
Investment Breakdown
|
Purchase Price
$2235k
Downpayment
20.0%
Interest Rate
6.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$487k
Downpayment
20%
$447k
Closing costs
1%
$22,350
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$8,500
Total Expenses
$15,492
Mortgage P&I
131%
$11,136
Property Taxes
5%
$419
Home Insurance
9%
$782
HOA
3%
$265
Property Management
12%
$1,020
CapEx
4%
$340
Vacancy
3%
$255
Maintenance
4%
$340
Other
11%
$935