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This property looks like a bad Long-Term investment with a projected -14.23% first-year return on $88,788 initial cash invested.
-14.23%
Cash On Cash
3.22%
Cap Rate
0.55
DSCR
$2,409
Rent
-$1,053
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$2,409 income − $3,462 expenses = $1,053 out of pocket
Investment Breakdown
|
Purchase Price
$423k
Downpayment
20.0%
Interest Rate
6.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$88,788
Downpayment
20%
$84,560
Closing costs
1%
$4,228
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,409
Total Expenses
$3,462
Mortgage P&I
86%
$2,069
Property Taxes
25%
$609
Home Insurance
7%
$158
HOA
0%
$0
Property Management
10%
$241
CapEx
5%
$120
Vacancy
6%
$145
Maintenance
5%
$120
Other
0%
$0