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This property looks like a bad Long-Term investment with a projected -7.75% first-year return on $89,040 initial cash invested.
-7.75%
Cash On Cash
4.64%
Cap Rate
0.79
DSCR
$2,542
Rent
-$575
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$2,542 income − $3,117 expenses = $575 out of pocket
Investment Breakdown
|
Purchase Price
$424k
Downpayment
20.0%
Interest Rate
6.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$89,040
Downpayment
20%
$84,800
Closing costs
1%
$4,240
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,542
Total Expenses
$3,117
Mortgage P&I
82%
$2,087
Property Taxes
9%
$221
Home Insurance
6%
$148
HOA
0%
$0
Property Management
10%
$254
CapEx
5%
$127
Vacancy
6%
$153
Maintenance
5%
$127
Other
0%
$0