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This property looks like a bad Mid-Term investment with a projected -19.43% first-year return on $501k initial cash invested.
-19.43%
Cash On Cash
2.02%
Cap Rate
0.33
DSCR
$8,284
Rent
-$8,107
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$8,284 income − $16,391 expenses = $8,107 out of pocket
Investment Breakdown
|
Purchase Price
$2299k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$501k
Downpayment
20%
$460k
Closing costs
1%
$22,990
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$8,284
Total Expenses
$16,391
Mortgage P&I
141%
$11,647
Property Taxes
14%
$1,123
Home Insurance
10%
$805
HOA
0%
$0
Property Management
12%
$994
CapEx
4%
$331
Vacancy
3%
$249
Maintenance
4%
$331
Other
11%
$911