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This property looks like a bad Mid-Term investment with a projected -13.35% first-year return on $350k initial cash invested.
-13.35%
Cash On Cash
3.91%
Cap Rate
0.6
DSCR
$10,362
Rent
-$3,890
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$10,362 income − $14,252 expenses = $3,890 out of pocket
Investment Breakdown
|
Purchase Price
$1579k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$350k
Downpayment
20%
$316k
Closing costs
1%
$15,790
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$10,362
Total Expenses
$14,252
Mortgage P&I
83%
$8,624
Property Taxes
15%
$1,553
Home Insurance
5%
$553
HOA
0%
$0
Property Management
12%
$1,243
CapEx
4%
$414
Vacancy
3%
$311
Maintenance
4%
$414
Other
11%
$1,140