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This property looks like a bad Long-Term investment with a projected -2.88% first-year return on $51,597 initial cash invested.
-2.88%
Cash On Cash
5.89%
Cap Rate
0.97
DSCR
$1,796
Rent
-$124
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$1,796 income − $1,920 expenses = $124 out of pocket
Investment Breakdown
|
Purchase Price
$246k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$51,597
Downpayment
20%
$49,140
Closing costs
1%
$2,457
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,796
Total Expenses
$1,920
Mortgage P&I
69%
$1,239
Property Taxes
7%
$119
Home Insurance
5%
$94
HOA
0%
$0
Property Management
10%
$180
CapEx
5%
$90
Vacancy
6%
$108
Maintenance
5%
$90
Other
0%
$0