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This property looks like a bad Mid-Term investment with a projected -22.04% first-year return on $623k initial cash invested.
-22.04%
Cash On Cash
1.4%
Cap Rate
0.23
DSCR
$7,312
Rent
-$11,449
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$7,312 income − $18,761 expenses = $11,449 out of pocket
Investment Breakdown
|
Purchase Price
$2883k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$623k
Downpayment
20%
$577k
Closing costs
1%
$28,831
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$7,312
Total Expenses
$18,761
Mortgage P&I
199%
$14,525
Property Taxes
10%
$704
Home Insurance
14%
$1,048
HOA
0%
$0
Property Management
12%
$877
CapEx
4%
$292
Vacancy
3%
$219
Maintenance
4%
$292
Other
11%
$804