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This property looks like a bad Mid-Term investment with a projected -21.34% first-year return on $627k initial cash invested.
-21.34%
Cash On Cash
1.63%
Cap Rate
0.27
DSCR
$11,188
Rent
-$11,143
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$11,188 income − $22,331 expenses = $11,143 out of pocket
Investment Breakdown
|
Purchase Price
$2898k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$627k
Downpayment
20%
$580k
Closing costs
1%
$28,980
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$11,188
Total Expenses
$22,331
Mortgage P&I
131%
$14,637
Property Taxes
26%
$2,874
Home Insurance
9%
$1,014
HOA
0%
$0
Property Management
12%
$1,343
CapEx
4%
$448
Vacancy
3%
$336
Maintenance
4%
$448
Other
11%
$1,231