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This property looks like a bad Mid-Term investment with a projected -20.33% first-year return on $648k initial cash invested.
-20.33%
Cash On Cash
1.8%
Cap Rate
0.3
DSCR
$8,086
Rent
-$10,971
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$8,086 income − $19,057 expenses = $10,971 out of pocket
Investment Breakdown
|
Purchase Price
$2998k
Downpayment
20.0%
Interest Rate
6.5%
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
$8,086
Total Expenses
$19,057
Mortgage P&I
187%
$15,147
Property Taxes
1%
$113
Home Insurance
13%
$1,049
HOA
0%
$0
Property Management
12%
$970
CapEx
4%
$323
Vacancy
3%
$243
Maintenance
4%
$323
Other
11%
$889