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This property looks like a bad Long-Term investment with a projected -9.64% first-year return on $89,103 initial cash invested.
-9.64%
Cash On Cash
4.37%
Cap Rate
0.72
DSCR
$2,494
Rent
-$716
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$2,494 income − $3,210 expenses = $716 out of pocket
Investment Breakdown
|
Purchase Price
$424k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$89,103
Downpayment
20%
$84,860
Closing costs
1%
$4,243
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,494
Total Expenses
$3,210
Mortgage P&I
86%
$2,137
Property Taxes
11%
$275
Home Insurance
6%
$149
HOA
0%
$0
Property Management
10%
$249
CapEx
5%
$125
Vacancy
6%
$150
Maintenance
5%
$125
Other
0%
$0