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This property looks like a bad Long-Term investment with a projected -4% first-year return on $87,297 initial cash invested.
-4%
Cash On Cash
5.56%
Cap Rate
0.93
DSCR
$2,990
Rent
-$291
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$2,990 income − $3,281 expenses = $291 out of pocket
Investment Breakdown
|
Purchase Price
$416k
Downpayment
20.0%
Interest Rate
6.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$87,297
Downpayment
20%
$83,140
Closing costs
1%
$4,157
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,990
Total Expenses
$3,281
Mortgage P&I
69%
$2,067
Property Taxes
9%
$258
Home Insurance
6%
$178
HOA
0%
$0
Property Management
10%
$299
CapEx
5%
$150
Vacancy
6%
$179
Maintenance
5%
$150
Other
0%
$0