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This property looks like a bad Mid-Term investment with a projected -21.33% first-year return on $354k initial cash invested.
-21.33%
Cash On Cash
1.52%
Cap Rate
0.25
DSCR
$6,010
Rent
-$6,291
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$6,010 income − $12,301 expenses = $6,291 out of pocket
Investment Breakdown
|
Purchase Price
$1600k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$354k
Downpayment
20%
$320k
Closing costs
1%
$16,000
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$6,010
Total Expenses
$12,301
Mortgage P&I
134%
$8,072
Property Taxes
27%
$1,627
Home Insurance
9%
$560
HOA
0%
$0
Property Management
12%
$721
CapEx
4%
$240
Vacancy
3%
$180
Maintenance
4%
$240
Other
11%
$661