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This property looks like a bad Long-Term investment with a projected -5.28% first-year return on $89,082 initial cash invested.
-5.28%
Cash On Cash
5.32%
Cap Rate
0.89
DSCR
$3,001
Rent
-$392
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$3,001 income − $3,393 expenses = $392 out of pocket
Investment Breakdown
|
Purchase Price
$424k
Downpayment
20.0%
Interest Rate
6.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$89,082
Downpayment
20%
$84,840
Closing costs
1%
$4,242
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,001
Total Expenses
$3,393
Mortgage P&I
71%
$2,123
Property Taxes
9%
$278
Home Insurance
5%
$158
HOA
2%
$54
Property Management
10%
$300
CapEx
5%
$150
Vacancy
6%
$180
Maintenance
5%
$150
Other
0%
$0