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This property looks like a bad Long-Term investment with a projected -18.24% first-year return on $88,683 initial cash invested.
-18.24%
Cash On Cash
2.48%
Cap Rate
0.41
DSCR
$2,249
Rent
-$1,348
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$2,249 income − $3,597 expenses = $1,348 out of pocket
Investment Breakdown
|
Purchase Price
$422k
Downpayment
20.0%
Interest Rate
6.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$88,683
Downpayment
20%
$84,460
Closing costs
1%
$4,223
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,249
Total Expenses
$3,597
Mortgage P&I
94%
$2,108
Property Taxes
27%
$607
Home Insurance
8%
$173
HOA
6%
$125
Property Management
10%
$225
CapEx
5%
$112
Vacancy
6%
$135
Maintenance
5%
$112
Other
0%
$0