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This property looks like a bad Mid-Term investment with a projected -18.61% first-year return on $484k initial cash invested.
-18.61%
Cash On Cash
2.22%
Cap Rate
0.36
DSCR
$8,598
Rent
-$7,507
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$8,598 income − $16,105 expenses = $7,507 out of pocket
Investment Breakdown
|
Purchase Price
$2220k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$484k
Downpayment
20%
$444k
Closing costs
1%
$22,196
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$8,598
Total Expenses
$16,105
Mortgage P&I
131%
$11,276
Property Taxes
9%
$808
Home Insurance
9%
$801
HOA
3%
$296
Property Management
12%
$1,032
CapEx
4%
$344
Vacancy
3%
$258
Maintenance
4%
$344
Other
11%
$946