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This property looks like a bad Long-Term investment with a projected -2.9% first-year return on $93,870 initial cash invested.
-2.9%
Cash On Cash
5.61%
Cap Rate
0.97
DSCR
$3,092
Rent
-$227
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$3,092 income − $3,319 expenses = $227 out of pocket
Investment Breakdown
|
Purchase Price
$447k
Downpayment
20.0%
Interest Rate
6.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$93,870
Downpayment
20%
$89,400
Closing costs
1%
$4,470
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,092
Total Expenses
$3,319
Mortgage P&I
70%
$2,163
Property Taxes
5%
$159
Home Insurance
6%
$192
HOA
0%
$0
Property Management
10%
$309
CapEx
5%
$155
Vacancy
6%
$186
Maintenance
5%
$155
Other
0%
$0