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This property looks like a bad Long-Term investment with a projected -7.72% first-year return on $89,019 initial cash invested.
-7.72%
Cash On Cash
4.8%
Cap Rate
0.79
DSCR
$2,354
Rent
-$573
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$2,354 income − $2,927 expenses = $573 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
$2,354
Total Expenses
$2,927
Mortgage P&I
91%
$2,151
Property Taxes
0%
$2
Home Insurance
7%
$154
HOA
0%
$8
Property Management
10%
$235
CapEx
5%
$118
Vacancy
6%
$141
Maintenance
5%
$118
Other
0%
$0