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This property looks like a bad Long-Term investment with a projected -12.94% first-year return on $88,935 initial cash invested.
-12.94%
Cash On Cash
3.59%
Cap Rate
0.6
DSCR
$2,475
Rent
-$959
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$2,475 income − $3,434 expenses = $959 out of pocket
Investment Breakdown
|
Purchase Price
$424k
Downpayment
20.0%
Interest Rate
6.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$88,935
Downpayment
20%
$84,700
Closing costs
1%
$4,235
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,475
Total Expenses
$3,434
Mortgage P&I
85%
$2,102
Property Taxes
20%
$490
Home Insurance
6%
$152
HOA
2%
$46
Property Management
10%
$248
CapEx
5%
$124
Vacancy
6%
$148
Maintenance
5%
$124
Other
0%
$0