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This property looks like a bad Mid-Term investment with a projected -20.21% first-year return on $142k initial cash invested.
-20.21%
Cash On Cash
1.31%
Cap Rate
0.22
DSCR
$2,655
Rent
-$2,386
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$2,655 income − $5,041 expenses = $2,386 out of pocket
Investment Breakdown
|
Purchase Price
$589k
Downpayment
20.0%
Interest Rate
6.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$142k
Downpayment
20%
$118k
Closing costs
1%
$5,890
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$2,655
Total Expenses
$5,041
Mortgage P&I
110%
$2,924
Property Taxes
38%
$1,008
Home Insurance
8%
$206
HOA
0%
$0
Property Management
12%
$319
CapEx
4%
$106
Vacancy
3%
$80
Maintenance
4%
$106
Other
11%
$292