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This property looks like a bad Mid-Term investment with a projected -17.63% first-year return on $487k initial cash invested.
-17.63%
Cash On Cash
2.4%
Cap Rate
0.4
DSCR
$11,260
Rent
-$7,162
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$11,260 income − $18,422 expenses = $7,162 out of pocket
Investment Breakdown
|
Purchase Price
$2235k
Downpayment
20.0%
Interest Rate
6.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$487k
Downpayment
20%
$447k
Closing costs
1%
$22,350
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$11,260
Total Expenses
$18,422
Mortgage P&I
99%
$11,188
Property Taxes
23%
$2,601
Home Insurance
7%
$805
HOA
0%
$0
Property Management
12%
$1,351
CapEx
4%
$450
Vacancy
3%
$338
Maintenance
4%
$450
Other
11%
$1,239