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This property looks like a bad Mid-Term investment with a projected -21.95% first-year return on $446k initial cash invested.
-21.95%
Cash On Cash
1.49%
Cap Rate
0.24
DSCR
$8,583
Rent
-$8,154
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$8,583 income − $16,737 expenses = $8,154 out of pocket
Investment Breakdown
|
Purchase Price
$2037k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$446k
Downpayment
20%
$407k
Closing costs
1%
$20,366
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$8,583
Total Expenses
$16,737
Mortgage P&I
120%
$10,341
Property Taxes
32%
$2,766
Home Insurance
8%
$713
HOA
0%
$0
Property Management
12%
$1,030
CapEx
4%
$343
Vacancy
3%
$257
Maintenance
4%
$343
Other
11%
$944