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This property looks like a bad Mid-Term investment with a projected -17.75% first-year return on $341k initial cash invested.
-17.75%
Cash On Cash
2.24%
Cap Rate
0.38
DSCR
$6,802
Rent
-$5,040
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$6,802 income − $11,842 expenses = $5,040 out of pocket
Investment Breakdown
|
Purchase Price
$1537k
Downpayment
20.0%
Interest Rate
6.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$341k
Downpayment
20%
$307k
Closing costs
1%
$15,372
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$6,802
Total Expenses
$11,842
Mortgage P&I
112%
$7,642
Property Taxes
20%
$1,330
Home Insurance
8%
$558
HOA
0%
$0
Property Management
12%
$816
CapEx
4%
$272
Vacancy
3%
$204
Maintenance
4%
$272
Other
11%
$748