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This property looks like a bad Mid-Term investment with a projected -18% first-year return on $331k initial cash invested.
-18%
Cash On Cash
3%
Cap Rate
0.45
DSCR
$8,427
Rent
-$4,961
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$8,427 income − $13,388 expenses = $4,961 out of pocket
Investment Breakdown
|
Purchase Price
$1489k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$331k
Downpayment
20%
$298k
Closing costs
1%
$14,889
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$8,427
Total Expenses
$13,388
Mortgage P&I
99%
$8,352
Property Taxes
18%
$1,510
Home Insurance
6%
$542
HOA
1%
$119
Property Management
12%
$1,011
CapEx
4%
$337
Vacancy
3%
$253
Maintenance
4%
$337
Other
11%
$927