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This property looks like a bad Long-Term investment with a projected -12.6% first-year return on $89,019 initial cash invested.
-12.6%
Cash On Cash
3.76%
Cap Rate
0.62
DSCR
$2,180
Rent
-$935
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$2,180 income − $3,115 expenses = $935 out of pocket
Investment Breakdown
|
Purchase Price
$424k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$89,019
Downpayment
20%
$84,780
Closing costs
1%
$4,239
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,180
Total Expenses
$3,115
Mortgage P&I
99%
$2,155
Property Taxes
11%
$241
Home Insurance
7%
$152
HOA
0%
$0
Property Management
10%
$218
CapEx
5%
$109
Vacancy
6%
$131
Maintenance
5%
$109
Other
0%
$0