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This property looks like a bad Long-Term investment with a projected -2.9% first-year return on $50,484 initial cash invested.
-2.9%
Cash On Cash
6.26%
Cap Rate
0.98
DSCR
$1,979
Rent
-$122
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$1,979 income − $2,101 expenses = $122 out of pocket
Investment Breakdown
|
Purchase Price
$240k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$50,484
Downpayment
20%
$48,080
Closing costs
1%
$2,404
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,979
Total Expenses
$2,101
Mortgage P&I
65%
$1,277
Property Taxes
11%
$221
Home Insurance
4%
$88
HOA
0%
$0
Property Management
10%
$198
CapEx
5%
$99
Vacancy
6%
$119
Maintenance
5%
$99
Other
0%
$0