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This property looks like a bad Long-Term investment with a projected -16.56% first-year return on $88,935 initial cash invested.
-16.56%
Cash On Cash
2.78%
Cap Rate
0.47
DSCR
$2,436
Rent
-$1,227
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$2,436 income − $3,663 expenses = $1,227 out of pocket
Investment Breakdown
|
Purchase Price
$424k
Downpayment
20.0%
Interest Rate
6.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$88,935
Downpayment
20%
$84,700
Closing costs
1%
$4,235
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,436
Total Expenses
$3,663
Mortgage P&I
86%
$2,086
Property Taxes
33%
$796
Home Insurance
6%
$147
HOA
0%
$0
Property Management
10%
$244
CapEx
5%
$122
Vacancy
6%
$146
Maintenance
5%
$122
Other
0%
$0