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This property looks like a bad Mid-Term investment with a projected -23.34% first-year return on $1257k initial cash invested.
-23.34%
Cash On Cash
1.2%
Cap Rate
0.2
DSCR
$11,958
Rent
-$24,449
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$11,958 income − $36,407 expenses = $24,449 out of pocket
Investment Breakdown
|
Purchase Price
$5900k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$1257k
Downpayment
20%
$1180k
Closing costs
1%
$59,000
Rehab
0%
$0
Furnishing
0%
$18,000
Cashflow
Total Income
$11,958
Total Expenses
$36,407
Mortgage P&I
250%
$29,858
Property Taxes
4%
$419
Home Insurance
17%
$2,065
HOA
0%
$0
Property Management
12%
$1,435
CapEx
4%
$478
Vacancy
3%
$359
Maintenance
4%
$478
Other
11%
$1,315