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This property looks like a bad Mid-Term investment with a projected -16.71% first-year return on $480k initial cash invested.
-16.71%
Cash On Cash
2.5%
Cap Rate
0.42
DSCR
$7,978
Rent
-$6,680
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$7,978 income − $14,658 expenses = $6,680 out of pocket
Investment Breakdown
|
Purchase Price
$2198k
Downpayment
20.0%
Interest Rate
6.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$480k
Downpayment
20%
$440k
Closing costs
1%
$21,980
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$7,978
Total Expenses
$14,658
Mortgage P&I
137%
$10,944
Property Taxes
3%
$233
Home Insurance
10%
$769
HOA
0%
$0
Property Management
12%
$957
CapEx
4%
$319
Vacancy
3%
$239
Maintenance
4%
$319
Other
11%
$878