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This property looks like a bad Mid-Term investment with a projected -24.06% first-year return on $585k initial cash invested.
-24.06%
Cash On Cash
1.13%
Cap Rate
0.18
DSCR
$10,924
Rent
-$11,729
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$10,924 income − $22,653 expenses = $11,729 out of pocket
Investment Breakdown
|
Purchase Price
$2700k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$585k
Downpayment
20%
$540k
Closing costs
1%
$27,000
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$10,924
Total Expenses
$22,653
Mortgage P&I
127%
$13,831
Property Taxes
38%
$4,162
Home Insurance
9%
$945
HOA
0%
$0
Property Management
12%
$1,311
CapEx
4%
$437
Vacancy
3%
$328
Maintenance
4%
$437
Other
11%
$1,202