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This property looks like a bad Mid-Term investment with a projected -12.57% first-year return on $354k initial cash invested.
-12.57%
Cash On Cash
3.5%
Cap Rate
0.58
DSCR
$9,214
Rent
-$3,705
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$9,214 income − $12,919 expenses = $3,705 out of pocket
Investment Breakdown
|
Purchase Price
$1599k
Downpayment
20.0%
Interest Rate
6.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$354k
Downpayment
20%
$320k
Closing costs
1%
$15,990
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$9,214
Total Expenses
$12,919
Mortgage P&I
87%
$8,006
Property Taxes
9%
$794
Home Insurance
6%
$560
HOA
5%
$425
Property Management
12%
$1,106
CapEx
4%
$369
Vacancy
3%
$276
Maintenance
4%
$369
Other
11%
$1,014