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This property looks like a bad Mid-Term investment with a projected -19.53% first-year return on $614k initial cash invested.
-19.53%
Cash On Cash
1.89%
Cap Rate
0.32
DSCR
$10,072
Rent
-$9,998
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$10,072 income − $20,070 expenses = $9,998 out of pocket
Investment Breakdown
|
Purchase Price
$2840k
Downpayment
20.0%
Interest Rate
6.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$614k
Downpayment
20%
$568k
Closing costs
1%
$28,400
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$10,072
Total Expenses
$20,070
Mortgage P&I
140%
$14,065
Property Taxes
15%
$1,531
Home Insurance
10%
$1,049
HOA
0%
$0
Property Management
12%
$1,209
CapEx
4%
$403
Vacancy
3%
$302
Maintenance
4%
$403
Other
11%
$1,108