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This property looks like a bad Long-Term investment with a projected -15.58% first-year return on $89,103 initial cash invested.
-15.58%
Cash On Cash
3.17%
Cap Rate
0.51
DSCR
$1,890
Rent
-$1,157
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$1,890 income − $3,047 expenses = $1,157 out of pocket
Investment Breakdown
|
Purchase Price
$424k
Downpayment
20.0%
Interest Rate
6.7%
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
$1,890
Total Expenses
$3,047
Mortgage P&I
116%
$2,184
Property Taxes
12%
$223
Home Insurance
8%
$150
HOA
0%
$0
Property Management
10%
$189
CapEx
5%
$94
Vacancy
6%
$113
Maintenance
5%
$94
Other
0%
$0