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This property looks like a bad Mid-Term investment with a projected -22.25% first-year return on $658k initial cash invested.
-22.25%
Cash On Cash
1.47%
Cap Rate
0.24
DSCR
$9,525
Rent
-$12,205
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$9,525 income − $21,730 expenses = $12,205 out of pocket
Investment Breakdown
|
Purchase Price
$3049k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$658k
Downpayment
20%
$610k
Closing costs
1%
$30,492
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$9,525
Total Expenses
$21,730
Mortgage P&I
163%
$15,560
Property Taxes
19%
$1,793
Home Insurance
12%
$1,138
HOA
0%
$0
Property Management
12%
$1,143
CapEx
4%
$381
Vacancy
3%
$286
Maintenance
4%
$381
Other
11%
$1,048