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This property looks like a bad Mid-Term investment with a projected -15.09% first-year return on $354k initial cash invested.
-15.09%
Cash On Cash
2.99%
Cap Rate
0.49
DSCR
$8,811
Rent
-$4,453
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$8,811 income − $13,264 expenses = $4,453 out of pocket
Investment Breakdown
|
Purchase Price
$1600k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$354k
Downpayment
20%
$320k
Closing costs
1%
$16,000
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$8,811
Total Expenses
$13,264
Mortgage P&I
92%
$8,094
Property Taxes
16%
$1,413
Home Insurance
6%
$560
HOA
2%
$203
Property Management
12%
$1,057
CapEx
4%
$352
Vacancy
3%
$264
Maintenance
4%
$352
Other
11%
$969