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This property looks like a bad Long-Term investment with a projected -14.47% first-year return on $89,040 initial cash invested.
-14.47%
Cash On Cash
3.97%
Cap Rate
0.6
DSCR
$2,650
Rent
-$1,074
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$2,650 income − $3,724 expenses = $1,074 out of pocket
Investment Breakdown
|
Purchase Price
$424k
Downpayment
20.0%
Interest Rate
7.4%
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
$2,650
Total Expenses
$3,724
Mortgage P&I
88%
$2,343
Property Taxes
18%
$466
Home Insurance
6%
$152
HOA
3%
$75
Property Management
10%
$265
CapEx
5%
$132
Vacancy
6%
$159
Maintenance
5%
$132
Other
0%
$0