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This property looks like a bad Mid-Term investment with a projected -25.28% first-year return on $624k initial cash invested.
-25.28%
Cash On Cash
0.92%
Cap Rate
0.15
DSCR
$8,715
Rent
-$13,141
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$8,715 income − $21,856 expenses = $13,141 out of pocket
Investment Breakdown
|
Purchase Price
$2884k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$624k
Downpayment
20%
$577k
Closing costs
1%
$28,842
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$8,715
Total Expenses
$21,856
Mortgage P&I
172%
$15,004
Property Taxes
33%
$2,874
Home Insurance
12%
$1,014
HOA
0%
$0
Property Management
12%
$1,046
CapEx
4%
$349
Vacancy
3%
$261
Maintenance
4%
$349
Other
11%
$959