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This property looks like a bad Long-Term investment with a projected -8.3% first-year return on $61,719 initial cash invested.
-8.3%
Cash On Cash
5.41%
Cap Rate
0.81
DSCR
$2,501
Rent
-$427
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$2,501 income − $2,928 expenses = $427 out of pocket
Investment Breakdown
|
Purchase Price
$294k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$61,719
Downpayment
20%
$58,780
Closing costs
1%
$2,939
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,501
Total Expenses
$2,928
Mortgage P&I
65%
$1,626
Property Taxes
23%
$573
Home Insurance
3%
$79
HOA
0%
$0
Property Management
10%
$250
CapEx
5%
$125
Vacancy
6%
$150
Maintenance
5%
$125
Other
0%
$0