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This property looks like a bad Mid-Term investment with a projected -23.09% first-year return on $496k initial cash invested.
-23.09%
Cash On Cash
1.42%
Cap Rate
0.23
DSCR
$8,224
Rent
-$9,541
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$8,224 income − $17,765 expenses = $9,541 out of pocket
Investment Breakdown
|
Purchase Price
$2276k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$496k
Downpayment
20%
$455k
Closing costs
1%
$22,757
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$8,224
Total Expenses
$17,765
Mortgage P&I
145%
$11,897
Property Taxes
28%
$2,270
Home Insurance
10%
$801
HOA
0%
$0
Property Management
12%
$987
CapEx
4%
$329
Vacancy
3%
$247
Maintenance
4%
$329
Other
11%
$905