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This property looks like a bad Mid-Term investment with a projected -24.08% first-year return on $648k initial cash invested.
-24.08%
Cash On Cash
1.6%
Cap Rate
0.24
DSCR
$11,380
Rent
-$12,995
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$11,380 income − $24,375 expenses = $12,995 out of pocket
Investment Breakdown
|
Purchase Price
$2998k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$648k
Downpayment
20%
$600k
Closing costs
1%
$29,980
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$11,380
Total Expenses
$24,375
Mortgage P&I
145%
$16,534
Property Taxes
26%
$2,923
Home Insurance
9%
$1,049
HOA
0%
$0
Property Management
12%
$1,366
CapEx
4%
$455
Vacancy
3%
$341
Maintenance
4%
$455
Other
11%
$1,252