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This property looks like a bad Mid-Term investment with a projected -29.67% first-year return on $1487k initial cash invested.
-29.67%
Cash On Cash
-0.34%
Cap Rate
-0.06
DSCR
$2,150
Rent
-$36,768
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$2,150 income − $38,918 expenses = $36,768 out of pocket
Investment Breakdown
|
Purchase Price
$6995k
Downpayment
20.0%
Interest Rate
6.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$1487k
Downpayment
20%
$1399k
Closing costs
1%
$69,950
Rehab
0%
$0
Furnishing
0%
$18,000
Cashflow
Total Income
$2,150
Total Expenses
$38,918
Mortgage P&I
1613%
$34,682
Property Taxes
49%
$1,058
Home Insurance
114%
$2,448
HOA
0%
$0
Property Management
12%
$258
CapEx
4%
$86
Vacancy
3%
$64
Maintenance
4%
$86
Other
11%
$236