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This property looks like a bad Mid-Term investment with a projected -22.44% first-year return on $624k initial cash invested.
-22.44%
Cash On Cash
1.25%
Cap Rate
0.21
DSCR
$7,538
Rent
-$11,673
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$7,538 income − $19,211 expenses = $11,673 out of pocket
Investment Breakdown
|
Purchase Price
$2886k
Downpayment
20.0%
Interest Rate
6.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$624k
Downpayment
20%
$577k
Closing costs
1%
$28,863
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$7,538
Total Expenses
$19,211
Mortgage P&I
191%
$14,381
Property Taxes
16%
$1,218
Home Insurance
14%
$1,048
HOA
0%
$0
Property Management
12%
$905
CapEx
4%
$302
Vacancy
3%
$226
Maintenance
4%
$302
Other
11%
$829