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This property looks like a bad Mid-Term investment with a projected -27.51% first-year return on $648k initial cash invested.
-27.51%
Cash On Cash
0.44%
Cap Rate
0.07
DSCR
$7,054
Rent
-$14,852
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$7,054 income − $21,906 expenses = $14,852 out of pocket
Investment Breakdown
|
Purchase Price
$2999k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$648k
Downpayment
20%
$600k
Closing costs
1%
$29,990
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$7,054
Total Expenses
$21,906
Mortgage P&I
222%
$15,659
Property Taxes
40%
$2,799
Home Insurance
15%
$1,050
HOA
0%
$0
Property Management
12%
$846
CapEx
4%
$282
Vacancy
3%
$212
Maintenance
4%
$282
Other
11%
$776