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This property looks like a bad Long-Term investment with a projected -10.42% first-year return on $89,124 initial cash invested.
-10.42%
Cash On Cash
4.99%
Cap Rate
0.74
DSCR
$2,825
Rent
-$774
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$2,825 income − $3,599 expenses = $774 out of pocket
Investment Breakdown
|
Purchase Price
$424k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$89,124
Downpayment
20%
$84,880
Closing costs
1%
$4,244
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,825
Total Expenses
$3,599
Mortgage P&I
85%
$2,398
Property Taxes
11%
$318
Home Insurance
5%
$149
HOA
0%
$0
Property Management
10%
$282
CapEx
5%
$141
Vacancy
6%
$170
Maintenance
5%
$141
Other
0%
$0