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This property looks like a bad Long-Term investment with a projected -7.51% first-year return on $51,303 initial cash invested.
-7.51%
Cash On Cash
5.32%
Cap Rate
0.83
DSCR
$2,100
Rent
-$321
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$2,100 income − $2,421 expenses = $321 out of pocket
Investment Breakdown
|
Purchase Price
$244k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$51,303
Downpayment
20%
$48,860
Closing costs
1%
$2,443
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,100
Total Expenses
$2,421
Mortgage P&I
62%
$1,300
Property Taxes
23%
$488
Home Insurance
4%
$87
HOA
0%
$0
Property Management
10%
$210
CapEx
5%
$105
Vacancy
6%
$126
Maintenance
5%
$105
Other
0%
$0