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This property looks like a bad Long-Term investment with a projected -9.17% first-year return on $88,956 initial cash invested.
-9.17%
Cash On Cash
5.06%
Cap Rate
0.77
DSCR
$2,953
Rent
-$680
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$2,953 income − $3,633 expenses = $680 out of pocket
Investment Breakdown
|
Purchase Price
$424k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$88,956
Downpayment
20%
$84,720
Closing costs
1%
$4,236
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,953
Total Expenses
$3,633
Mortgage P&I
79%
$2,319
Property Taxes
13%
$397
Home Insurance
5%
$149
HOA
0%
$0
Property Management
10%
$295
CapEx
5%
$148
Vacancy
6%
$177
Maintenance
5%
$148
Other
0%
$0