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This property looks like a bad Mid-Term investment with a projected -22.84% first-year return on $688k initial cash invested.
-22.84%
Cash On Cash
1.2%
Cap Rate
0.2
DSCR
$6,566
Rent
-$13,093
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$6,566 income − $19,659 expenses = $13,093 out of pocket
Investment Breakdown
|
Purchase Price
$3190k
Downpayment
20.0%
Interest Rate
6.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$688k
Downpayment
20%
$638k
Closing costs
1%
$31,900
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$6,566
Total Expenses
$19,659
Mortgage P&I
244%
$16,026
Property Taxes
4%
$284
Home Insurance
17%
$1,116
HOA
0%
$0
Property Management
12%
$788
CapEx
4%
$263
Vacancy
3%
$197
Maintenance
4%
$263
Other
11%
$722