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This property looks like a bad Mid-Term investment with a projected -22.75% first-year return on $666k initial cash invested.
-22.75%
Cash On Cash
1.59%
Cap Rate
0.25
DSCR
$11,604
Rent
-$12,633
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$11,604 income − $24,237 expenses = $12,633 out of pocket
Investment Breakdown
|
Purchase Price
$3088k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$666k
Downpayment
20%
$618k
Closing costs
1%
$30,875
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$11,604
Total Expenses
$24,237
Mortgage P&I
140%
$16,269
Property Taxes
26%
$2,974
Home Insurance
9%
$1,050
HOA
0%
$0
Property Management
12%
$1,392
CapEx
4%
$464
Vacancy
3%
$348
Maintenance
4%
$464
Other
11%
$1,276