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This property looks like a bad Mid-Term investment with a projected -21.58% first-year return on $438k initial cash invested.
-21.58%
Cash On Cash
1.82%
Cap Rate
0.29
DSCR
$8,124
Rent
-$7,868
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$8,124 income − $15,992 expenses = $7,868 out of pocket
Investment Breakdown
|
Purchase Price
$1998k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$438k
Downpayment
20%
$400k
Closing costs
1%
$19,980
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$8,124
Total Expenses
$15,992
Mortgage P&I
130%
$10,565
Property Taxes
24%
$1,965
Home Insurance
9%
$699
HOA
0%
$0
Property Management
12%
$975
CapEx
4%
$325
Vacancy
3%
$244
Maintenance
4%
$325
Other
11%
$894