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This property looks like a bad Mid-Term investment with a projected -20.69% first-year return on $637k initial cash invested.
-20.69%
Cash On Cash
1.8%
Cap Rate
0.29
DSCR
$10,413
Rent
-$10,990
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$10,413 income − $21,403 expenses = $10,990 out of pocket
Investment Breakdown
|
Purchase Price
$2950k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$637k
Downpayment
20%
$590k
Closing costs
1%
$29,498
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$10,413
Total Expenses
$21,403
Mortgage P&I
144%
$14,986
Property Taxes
14%
$1,494
Home Insurance
13%
$1,382
HOA
0%
$0
Property Management
12%
$1,250
CapEx
4%
$417
Vacancy
3%
$312
Maintenance
4%
$417
Other
11%
$1,145