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This property looks like a bad Long-Term investment with a projected -6.19% first-year return on $59,556 initial cash invested.
-6.19%
Cash On Cash
5.24%
Cap Rate
0.87
DSCR
$2,433
Rent
-$307
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$2,433 income − $2,740 expenses = $307 out of pocket
Investment Breakdown
|
Purchase Price
$284k
Downpayment
20.0%
Interest Rate
6.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$59,556
Downpayment
20%
$56,720
Closing costs
1%
$2,836
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,433
Total Expenses
$2,740
Mortgage P&I
58%
$1,423
Property Taxes
24%
$582
Home Insurance
4%
$102
HOA
0%
$0
Property Management
10%
$243
CapEx
5%
$122
Vacancy
6%
$146
Maintenance
5%
$122
Other
0%
$0