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This property looks like a bad Mid-Term investment with a projected -17.41% first-year return on $509k initial cash invested.
-17.41%
Cash On Cash
2.51%
Cap Rate
0.41
DSCR
$9,858
Rent
-$7,393
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$9,858 income − $17,251 expenses = $7,393 out of pocket
Investment Breakdown
|
Purchase Price
$2340k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$509k
Downpayment
20%
$468k
Closing costs
1%
$23,402
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$9,858
Total Expenses
$17,251
Mortgage P&I
121%
$11,889
Property Taxes
14%
$1,364
Home Insurance
7%
$647
HOA
0%
$0
Property Management
12%
$1,183
CapEx
4%
$394
Vacancy
3%
$296
Maintenance
4%
$394
Other
11%
$1,084