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This property looks like a bad Long-Term investment with a projected -10.51% first-year return on $89,019 initial cash invested.
-10.51%
Cash On Cash
4.23%
Cap Rate
0.69
DSCR
$2,358
Rent
-$780
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$2,358 income − $3,138 expenses = $780 out of pocket
Investment Breakdown
|
Purchase Price
$424k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$89,019
Downpayment
20%
$84,780
Closing costs
1%
$4,239
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,358
Total Expenses
$3,138
Mortgage P&I
91%
$2,155
Property Taxes
7%
$167
Home Insurance
7%
$156
HOA
2%
$47
Property Management
10%
$236
CapEx
5%
$118
Vacancy
6%
$141
Maintenance
5%
$118
Other
0%
$0