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This property looks like a bad Long-Term investment with a projected -10.07% first-year return on $88,998 initial cash invested.
-10.07%
Cash On Cash
4.88%
Cap Rate
0.74
DSCR
$2,801
Rent
-$747
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$2,801 income − $3,548 expenses = $747 out of pocket
Investment Breakdown
|
Purchase Price
$424k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$88,998
Downpayment
20%
$84,760
Closing costs
1%
$4,238
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,801
Total Expenses
$3,548
Mortgage P&I
83%
$2,330
Property Taxes
12%
$341
Home Insurance
5%
$149
HOA
0%
$0
Property Management
10%
$280
CapEx
5%
$140
Vacancy
6%
$168
Maintenance
5%
$140
Other
0%
$0