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This property looks like a bad Mid-Term investment with a projected -15% first-year return on $354k initial cash invested.
-15%
Cash On Cash
2.9%
Cap Rate
0.48
DSCR
$7,156
Rent
-$4,422
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$7,156 income − $11,578 expenses = $4,422 out of pocket
Investment Breakdown
|
Purchase Price
$1599k
Downpayment
20.0%
Interest Rate
6.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$354k
Downpayment
20%
$320k
Closing costs
1%
$15,989
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$7,156
Total Expenses
$11,578
Mortgage P&I
112%
$7,997
Property Taxes
8%
$588
Home Insurance
8%
$560
HOA
0%
$0
Property Management
12%
$859
CapEx
4%
$286
Vacancy
3%
$215
Maintenance
4%
$286
Other
11%
$787