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This property looks like a bad Mid-Term investment with a projected -21.39% first-year return on $480k initial cash invested.
-21.39%
Cash On Cash
2.29%
Cap Rate
0.34
DSCR
$10,208
Rent
-$8,555
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$10,208 income − $18,763 expenses = $8,555 out of pocket
Investment Breakdown
|
Purchase Price
$2200k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$480k
Downpayment
20%
$440k
Closing costs
1%
$22,000
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$10,208
Total Expenses
$18,763
Mortgage P&I
121%
$12,341
Property Taxes
19%
$1,943
Home Insurance
8%
$770
HOA
2%
$239
Property Management
12%
$1,225
CapEx
4%
$408
Vacancy
3%
$306
Maintenance
4%
$408
Other
11%
$1,123