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This property looks like a bad Mid-Term investment with a projected -16.45% first-year return on $359k initial cash invested.
-16.45%
Cash On Cash
2.68%
Cap Rate
0.44
DSCR
$8,016
Rent
-$4,922
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$8,016 income − $12,938 expenses = $4,922 out of pocket
Investment Breakdown
|
Purchase Price
$1624k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$359k
Downpayment
20%
$325k
Closing costs
1%
$16,241
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$8,016
Total Expenses
$12,938
Mortgage P&I
103%
$8,228
Property Taxes
18%
$1,407
Home Insurance
7%
$577
HOA
0%
$0
Property Management
12%
$962
CapEx
4%
$321
Vacancy
3%
$240
Maintenance
4%
$321
Other
11%
$882