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This property looks like a bad Long-Term investment with a projected -13.34% first-year return on $88,893 initial cash invested.
-13.34%
Cash On Cash
3.67%
Cap Rate
0.6
DSCR
$2,230
Rent
-$988
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$2,230 income − $3,218 expenses = $988 out of pocket
Investment Breakdown
|
Purchase Price
$423k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$88,893
Downpayment
20%
$84,660
Closing costs
1%
$4,233
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,230
Total Expenses
$3,218
Mortgage P&I
97%
$2,172
Property Taxes
10%
$216
Home Insurance
7%
$149
HOA
4%
$100
Property Management
10%
$223
CapEx
5%
$112
Vacancy
6%
$134
Maintenance
5%
$112
Other
0%
$0