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This property looks like a bad Mid-Term investment with a projected -24.22% first-year return on $570k initial cash invested.
-24.22%
Cash On Cash
1.04%
Cap Rate
0.17
DSCR
$8,152
Rent
-$11,515
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$8,152 income − $19,667 expenses = $11,515 out of pocket
Investment Breakdown
|
Purchase Price
$2631k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$570k
Downpayment
20%
$526k
Closing costs
1%
$26,306
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$8,152
Total Expenses
$19,667
Mortgage P&I
165%
$13,475
Property Taxes
30%
$2,475
Home Insurance
12%
$945
HOA
0%
$0
Property Management
12%
$978
CapEx
4%
$326
Vacancy
3%
$245
Maintenance
4%
$326
Other
11%
$897