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This property looks like a bad Long-Term investment with a projected -14.07% first-year return on $89,061 initial cash invested.
-14.07%
Cash On Cash
3.52%
Cap Rate
0.58
DSCR
$2,565
Rent
-$1,044
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$2,565 income − $3,609 expenses = $1,044 out of pocket
Investment Breakdown
|
Purchase Price
$424k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$89,061
Downpayment
20%
$84,820
Closing costs
1%
$4,241
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,565
Total Expenses
$3,609
Mortgage P&I
84%
$2,161
Property Taxes
24%
$628
Home Insurance
6%
$152
HOA
0%
$2
Property Management
10%
$256
CapEx
5%
$128
Vacancy
6%
$154
Maintenance
5%
$128
Other
0%
$0