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This property looks like a bad Long-Term investment with a projected -10.55% first-year return on $88,956 initial cash invested.
-10.55%
Cash On Cash
4.17%
Cap Rate
0.69
DSCR
$2,659
Rent
-$782
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$2,659 income − $3,441 expenses = $782 out of pocket
Investment Breakdown
|
Purchase Price
$424k
Downpayment
20.0%
Interest Rate
6.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$88,956
Downpayment
20%
$84,720
Closing costs
1%
$4,236
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,659
Total Expenses
$3,441
Mortgage P&I
80%
$2,120
Property Taxes
18%
$479
Home Insurance
6%
$150
HOA
0%
$0
Property Management
10%
$266
CapEx
5%
$133
Vacancy
6%
$160
Maintenance
5%
$133
Other
0%
$0