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This property looks like a bad Mid-Term investment with a projected -11.8% first-year return on $359k initial cash invested.
-11.8%
Cash On Cash
3.81%
Cap Rate
0.62
DSCR
$8,427
Rent
-$3,532
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$8,427 income − $11,959 expenses = $3,532 out of pocket
Investment Breakdown
|
Purchase Price
$1624k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$359k
Downpayment
20%
$325k
Closing costs
1%
$16,240
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$8,427
Total Expenses
$11,959
Mortgage P&I
99%
$8,357
Property Taxes
0%
$12
Home Insurance
7%
$568
HOA
2%
$157
Property Management
12%
$1,011
CapEx
4%
$337
Vacancy
3%
$253
Maintenance
4%
$337
Other
11%
$927