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This property looks like a bad Long-Term investment with a projected -13.4% first-year return on $88,998 initial cash invested.
-13.4%
Cash On Cash
4.07%
Cap Rate
0.62
DSCR
$2,397
Rent
-$994
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$2,397 income − $3,391 expenses = $994 out of pocket
Investment Breakdown
|
Purchase Price
$424k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$88,998
Downpayment
20%
$84,760
Closing costs
1%
$4,238
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,397
Total Expenses
$3,391
Mortgage P&I
97%
$2,313
Property Taxes
13%
$304
Home Insurance
6%
$150
HOA
0%
$0
Property Management
10%
$240
CapEx
5%
$120
Vacancy
6%
$144
Maintenance
5%
$120
Other
0%
$0