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This property looks like a bad Mid-Term investment with a projected -21.01% first-year return on $650k initial cash invested.
-21.01%
Cash On Cash
1.71%
Cap Rate
0.28
DSCR
$11,986
Rent
-$11,388
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$11,986 income − $23,374 expenses = $11,388 out of pocket
Investment Breakdown
|
Purchase Price
$3012k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$650k
Downpayment
20%
$602k
Closing costs
1%
$30,119
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$11,986
Total Expenses
$23,374
Mortgage P&I
127%
$15,193
Property Taxes
25%
$3,022
Home Insurance
9%
$1,085
HOA
0%
$0
Property Management
12%
$1,438
CapEx
4%
$479
Vacancy
3%
$360
Maintenance
4%
$479
Other
11%
$1,318