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This property looks like a bad Long-Term investment with a projected -10.61% first-year return on $89,040 initial cash invested.
-10.61%
Cash On Cash
4.29%
Cap Rate
0.69
DSCR
$2,383
Rent
-$787
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$2,383 income − $3,170 expenses = $787 out of pocket
Investment Breakdown
|
Purchase Price
$424k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$89,040
Downpayment
20%
$84,800
Closing costs
1%
$4,240
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,383
Total Expenses
$3,170
Mortgage P&I
92%
$2,183
Property Taxes
8%
$192
Home Insurance
6%
$149
HOA
1%
$27
Property Management
10%
$238
CapEx
5%
$119
Vacancy
6%
$143
Maintenance
5%
$119
Other
0%
$0