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This property looks like a bad Mid-Term investment with a projected -16.48% first-year return on $505k initial cash invested.
-16.48%
Cash On Cash
2.68%
Cap Rate
0.44
DSCR
$11,954
Rent
-$6,934
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$11,954 income − $18,888 expenses = $6,934 out of pocket
Investment Breakdown
|
Purchase Price
$2318k
Downpayment
20.0%
Interest Rate
6.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$505k
Downpayment
20%
$464k
Closing costs
1%
$23,182
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$11,954
Total Expenses
$18,888
Mortgage P&I
97%
$11,631
Property Taxes
20%
$2,355
Home Insurance
7%
$838
HOA
0%
$0
Property Management
12%
$1,434
CapEx
4%
$478
Vacancy
3%
$359
Maintenance
4%
$478
Other
11%
$1,315