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This property looks like a bad Mid-Term investment with a projected -19.02% first-year return on $500k initial cash invested.
-19.02%
Cash On Cash
2.13%
Cap Rate
0.35
DSCR
$10,371
Rent
-$7,921
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$10,371 income − $18,292 expenses = $7,921 out of pocket
Investment Breakdown
|
Purchase Price
$2294k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$500k
Downpayment
20%
$459k
Closing costs
1%
$22,940
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$10,371
Total Expenses
$18,292
Mortgage P&I
112%
$11,572
Property Taxes
22%
$2,235
Home Insurance
8%
$838
HOA
1%
$120
Property Management
12%
$1,245
CapEx
4%
$415
Vacancy
3%
$311
Maintenance
4%
$415
Other
11%
$1,141