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This property looks like a bad Mid-Term investment with a projected -11.29% first-year return on $354k initial cash invested.
-11.29%
Cash On Cash
3.72%
Cap Rate
0.63
DSCR
$8,952
Rent
-$3,330
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$8,952 income − $12,282 expenses = $3,330 out of pocket
Investment Breakdown
|
Purchase Price
$1600k
Downpayment
20.0%
Interest Rate
6.3%
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
$8,952
Total Expenses
$12,282
Mortgage P&I
89%
$7,933
Property Taxes
7%
$632
Home Insurance
6%
$560
HOA
1%
$113
Property Management
12%
$1,074
CapEx
4%
$358
Vacancy
3%
$269
Maintenance
4%
$358
Other
11%
$985