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This property looks like a bad Long-Term investment with a projected -2.67% first-year return on $89,061 initial cash invested.
-2.67%
Cash On Cash
5.95%
Cap Rate
0.98
DSCR
$3,071
Rent
-$198
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$3,071 income − $3,269 expenses = $198 out of pocket
Investment Breakdown
|
Purchase Price
$424k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$89,061
Downpayment
20%
$84,820
Closing costs
1%
$4,241
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,071
Total Expenses
$3,269
Mortgage P&I
70%
$2,148
Property Taxes
5%
$164
Home Insurance
5%
$158
HOA
0%
$0
Property Management
10%
$307
CapEx
5%
$154
Vacancy
6%
$184
Maintenance
5%
$154
Other
0%
$0