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This property looks like a bad Long-Term investment with a projected -13.15% first-year return on $88,704 initial cash invested.
-13.15%
Cash On Cash
3.5%
Cap Rate
0.59
DSCR
$2,013
Rent
-$972
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$2,013 income − $2,985 expenses = $972 out of pocket
Investment Breakdown
|
Purchase Price
$422k
Downpayment
20.0%
Interest Rate
6.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$88,704
Downpayment
20%
$84,480
Closing costs
1%
$4,224
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,013
Total Expenses
$2,985
Mortgage P&I
104%
$2,103
Property Taxes
10%
$209
Home Insurance
7%
$149
HOA
0%
$0
Property Management
10%
$201
CapEx
5%
$101
Vacancy
6%
$121
Maintenance
5%
$101
Other
0%
$0