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This property looks like a bad Mid-Term investment with a projected -6.57% first-year return on $350k initial cash invested.
-6.57%
Cash On Cash
5.09%
Cap Rate
0.82
DSCR
$11,770
Rent
-$1,919
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$11,770 income − $13,689 expenses = $1,919 out of pocket
Investment Breakdown
|
Purchase Price
$1583k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$350k
Downpayment
20%
$317k
Closing costs
1%
$15,830
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$11,770
Total Expenses
$13,689
Mortgage P&I
69%
$8,167
Property Taxes
7%
$793
Home Insurance
5%
$554
HOA
1%
$173
Property Management
12%
$1,412
CapEx
4%
$471
Vacancy
3%
$353
Maintenance
4%
$471
Other
11%
$1,295