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This property looks like a bad Mid-Term investment with a projected -15.74% first-year return on $290k initial cash invested.
-15.74%
Cash On Cash
2.79%
Cap Rate
0.46
DSCR
$6,622
Rent
-$3,804
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$6,622 income − $10,426 expenses = $3,804 out of pocket
Investment Breakdown
|
Purchase Price
$1295k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$290k
Downpayment
20%
$259k
Closing costs
1%
$12,950
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$6,622
Total Expenses
$10,426
Mortgage P&I
99%
$6,545
Property Taxes
18%
$1,176
Home Insurance
7%
$453
HOA
0%
$0
Property Management
12%
$795
CapEx
4%
$265
Vacancy
3%
$199
Maintenance
4%
$265
Other
11%
$728