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This property looks like a bad Mid-Term investment with a projected -13.39% first-year return on $340k initial cash invested.
-13.39%
Cash On Cash
3.3%
Cap Rate
0.55
DSCR
$6,992
Rent
-$3,789
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$6,992 income − $10,781 expenses = $3,789 out of pocket
Investment Breakdown
|
Purchase Price
$1531k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$340k
Downpayment
20%
$306k
Closing costs
1%
$15,311
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$6,992
Total Expenses
$10,781
Mortgage P&I
110%
$7,715
Property Taxes
2%
$146
Home Insurance
8%
$542
HOA
0%
$0
Property Management
12%
$839
CapEx
4%
$280
Vacancy
3%
$210
Maintenance
4%
$280
Other
11%
$769