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This property looks like a bad Mid-Term investment with a projected -23.75% first-year return on $624k initial cash invested.
-23.75%
Cash On Cash
1.31%
Cap Rate
0.21
DSCR
$7,719
Rent
-$12,349
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$7,719 income − $20,068 expenses = $12,349 out of pocket
Investment Breakdown
|
Purchase Price
$2885k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$624k
Downpayment
20%
$577k
Closing costs
1%
$28,849
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$7,719
Total Expenses
$20,068
Mortgage P&I
197%
$15,198
Property Taxes
15%
$1,195
Home Insurance
14%
$1,050
HOA
0%
$0
Property Management
12%
$926
CapEx
4%
$309
Vacancy
3%
$232
Maintenance
4%
$309
Other
11%
$849