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This property looks like a bad Long-Term investment with a projected -2.75% first-year return on $89,019 initial cash invested.
-2.75%
Cash On Cash
5.82%
Cap Rate
0.98
DSCR
$3,205
Rent
-$204
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$3,205 income − $3,409 expenses = $204 out of pocket
Investment Breakdown
|
Purchase Price
$424k
Downpayment
20.0%
Interest Rate
6.3%
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
$3,205
Total Expenses
$3,409
Mortgage P&I
65%
$2,099
Property Taxes
11%
$349
Home Insurance
4%
$129
HOA
0%
$0
Property Management
10%
$320
CapEx
5%
$160
Vacancy
6%
$192
Maintenance
5%
$160
Other
0%
$0