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This property looks like a bad Mid-Term investment with a projected -16.45% first-year return on $491k initial cash invested.
-16.45%
Cash On Cash
2.54%
Cap Rate
0.43
DSCR
$8,992
Rent
-$6,723
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$8,992 income − $15,715 expenses = $6,723 out of pocket
Investment Breakdown
|
Purchase Price
$2250k
Downpayment
20.0%
Interest Rate
6.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$491k
Downpayment
20%
$450k
Closing costs
1%
$22,500
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$8,992
Total Expenses
$15,715
Mortgage P&I
124%
$11,132
Property Taxes
8%
$737
Home Insurance
9%
$788
HOA
0%
$0
Property Management
12%
$1,079
CapEx
4%
$360
Vacancy
3%
$270
Maintenance
4%
$360
Other
11%
$989