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This property looks like a bad Mid-Term investment with a projected -22.4% first-year return on $626k initial cash invested.
-22.4%
Cash On Cash
1.79%
Cap Rate
0.28
DSCR
$11,865
Rent
-$11,690
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$11,865 income − $23,555 expenses = $11,690 out of pocket
Investment Breakdown
|
Purchase Price
$2897k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$626k
Downpayment
20%
$579k
Closing costs
1%
$28,970
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$11,865
Total Expenses
$23,555
Mortgage P&I
131%
$15,527
Property Taxes
25%
$2,945
Home Insurance
9%
$1,048
HOA
0%
$0
Property Management
12%
$1,424
CapEx
4%
$475
Vacancy
3%
$356
Maintenance
4%
$475
Other
11%
$1,305