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This property looks like a bad Mid-Term investment with a projected -13.08% first-year return on $354k initial cash invested.
-13.08%
Cash On Cash
3.46%
Cap Rate
0.57
DSCR
$8,812
Rent
-$3,858
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$8,812 income − $12,670 expenses = $3,858 out of pocket
Investment Breakdown
|
Purchase Price
$1600k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$354k
Downpayment
20%
$320k
Closing costs
1%
$16,000
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$8,812
Total Expenses
$12,670
Mortgage P&I
92%
$8,124
Property Taxes
11%
$992
Home Insurance
6%
$560
HOA
0%
$0
Property Management
12%
$1,057
CapEx
4%
$352
Vacancy
3%
$264
Maintenance
4%
$352
Other
11%
$969