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This property looks like a bad Mid-Term investment with a projected -19.37% first-year return on $354k initial cash invested.
-19.37%
Cash On Cash
1.93%
Cap Rate
0.32
DSCR
$6,171
Rent
-$5,714
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$6,171 income − $11,885 expenses = $5,714 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
$6,171
Total Expenses
$11,885
Mortgage P&I
130%
$8,040
Property Taxes
19%
$1,186
Home Insurance
9%
$560
HOA
0%
$0
Property Management
12%
$741
CapEx
4%
$247
Vacancy
3%
$185
Maintenance
4%
$247
Other
11%
$679