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This property looks like a bad Mid-Term investment with a projected -17.43% first-year return on $633k initial cash invested.
-17.43%
Cash On Cash
2.42%
Cap Rate
0.4
DSCR
$11,660
Rent
-$9,197
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$11,660 income − $20,857 expenses = $9,197 out of pocket
Investment Breakdown
|
Purchase Price
$2930k
Downpayment
20.0%
Interest Rate
6.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$633k
Downpayment
20%
$586k
Closing costs
1%
$29,301
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$11,660
Total Expenses
$20,857
Mortgage P&I
126%
$14,649
Property Taxes
11%
$1,300
Home Insurance
8%
$944
HOA
0%
$0
Property Management
12%
$1,399
CapEx
4%
$466
Vacancy
3%
$350
Maintenance
4%
$466
Other
11%
$1,283