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This property looks like a bad Mid-Term investment with a projected -12.12% first-year return on $352k initial cash invested.
-12.12%
Cash On Cash
3.53%
Cap Rate
0.59
DSCR
$8,067
Rent
-$3,554
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$8,067 income − $11,621 expenses = $3,554 out of pocket
Investment Breakdown
|
Purchase Price
$1590k
Downpayment
20.0%
Interest Rate
6.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$352k
Downpayment
20%
$318k
Closing costs
1%
$15,900
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$8,067
Total Expenses
$11,621
Mortgage P&I
98%
$7,905
Property Taxes
5%
$417
Home Insurance
7%
$556
HOA
0%
$0
Property Management
12%
$968
CapEx
4%
$323
Vacancy
3%
$242
Maintenance
4%
$323
Other
11%
$887