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This property looks like a bad Mid-Term investment with a projected -15.98% first-year return on $627k initial cash invested.
-15.98%
Cash On Cash
2.81%
Cap Rate
0.46
DSCR
$11,758
Rent
-$8,346
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$11,758 income − $20,104 expenses = $8,346 out of pocket
Investment Breakdown
|
Purchase Price
$2899k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$627k
Downpayment
20%
$580k
Closing costs
1%
$28,990
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$11,758
Total Expenses
$20,104
Mortgage P&I
125%
$14,671
Property Taxes
4%
$421
Home Insurance
9%
$1,015
HOA
0%
$0
Property Management
12%
$1,411
CapEx
4%
$470
Vacancy
3%
$353
Maintenance
4%
$470
Other
11%
$1,293