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This property looks like a bad Mid-Term investment with a projected -22.46% first-year return on $669k initial cash invested.
-22.46%
Cash On Cash
1.36%
Cap Rate
0.23
DSCR
$10,638
Rent
-$12,524
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$10,638 income − $23,162 expenses = $12,524 out of pocket
Investment Breakdown
|
Purchase Price
$3100k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$669k
Downpayment
20%
$620k
Closing costs
1%
$31,000
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$10,638
Total Expenses
$23,162
Mortgage P&I
147%
$15,615
Property Taxes
27%
$2,842
Home Insurance
10%
$1,085
HOA
0%
$2
Property Management
12%
$1,277
CapEx
4%
$426
Vacancy
3%
$319
Maintenance
4%
$426
Other
11%
$1,170