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This property looks like a bad Long-Term investment with a projected -9.34% first-year return on $89,040 initial cash invested.
-9.34%
Cash On Cash
5.08%
Cap Rate
0.76
DSCR
$2,621
Rent
-$693
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$2,621 income − $3,314 expenses = $693 out of pocket
Investment Breakdown
|
Purchase Price
$424k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$89,040
Downpayment
20%
$84,800
Closing costs
1%
$4,240
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,621
Total Expenses
$3,314
Mortgage P&I
90%
$2,356
Property Taxes
9%
$231
Home Insurance
2%
$46
HOA
0%
$0
Property Management
10%
$262
CapEx
5%
$131
Vacancy
6%
$157
Maintenance
5%
$131
Other
0%
$0