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This property looks like a bad Mid-Term investment with a projected -13.11% first-year return on $354k initial cash invested.
-13.11%
Cash On Cash
3.64%
Cap Rate
0.58
DSCR
$9,824
Rent
-$3,867
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$9,824 income − $13,691 expenses = $3,867 out of pocket
Investment Breakdown
|
Purchase Price
$1600k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$354k
Downpayment
20%
$320k
Closing costs
1%
$16,000
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$9,824
Total Expenses
$13,691
Mortgage P&I
85%
$8,323
Property Taxes
15%
$1,467
Home Insurance
6%
$560
HOA
0%
$0
Property Management
12%
$1,179
CapEx
4%
$393
Vacancy
3%
$295
Maintenance
4%
$393
Other
11%
$1,081