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This property looks like a bad Mid-Term investment with a projected -21.65% first-year return on $422k initial cash invested.
-21.65%
Cash On Cash
1.35%
Cap Rate
0.23
DSCR
$6,610
Rent
-$7,616
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$6,610 income − $14,226 expenses = $7,616 out of pocket
Investment Breakdown
|
Purchase Price
$1924k
Downpayment
20.0%
Interest Rate
6.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$422k
Downpayment
20%
$385k
Closing costs
1%
$19,242
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$6,610
Total Expenses
$14,226
Mortgage P&I
144%
$9,517
Property Taxes
27%
$1,765
Home Insurance
11%
$698
HOA
0%
$0
Property Management
12%
$793
CapEx
4%
$264
Vacancy
3%
$198
Maintenance
4%
$264
Other
11%
$727