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This property looks like a bad Long-Term investment with a projected -12.64% first-year return on $88,977 initial cash invested.
-12.64%
Cash On Cash
3.59%
Cap Rate
0.61
DSCR
$2,316
Rent
-$937
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$2,316 income − $3,253 expenses = $937 out of pocket
Investment Breakdown
|
Purchase Price
$424k
Downpayment
20.0%
Interest Rate
6.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$88,977
Downpayment
20%
$84,740
Closing costs
1%
$4,237
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,316
Total Expenses
$3,253
Mortgage P&I
90%
$2,087
Property Taxes
18%
$416
Home Insurance
6%
$147
HOA
0%
$0
Property Management
10%
$232
CapEx
5%
$116
Vacancy
6%
$139
Maintenance
5%
$116
Other
0%
$0