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This property looks like a bad Mid-Term investment with a projected -17.39% first-year return on $606k initial cash invested.
-17.39%
Cash On Cash
2.38%
Cap Rate
0.4
DSCR
$10,278
Rent
-$8,779
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$10,278 income − $19,057 expenses = $8,779 out of pocket
Investment Breakdown
|
Purchase Price
$2799k
Downpayment
20.0%
Interest Rate
6.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$606k
Downpayment
20%
$560k
Closing costs
1%
$27,990
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$10,278
Total Expenses
$19,057
Mortgage P&I
135%
$13,916
Property Taxes
6%
$667
Home Insurance
10%
$980
HOA
0%
$0
Property Management
12%
$1,233
CapEx
4%
$411
Vacancy
3%
$308
Maintenance
4%
$411
Other
11%
$1,131