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This property looks like a bad Long-Term investment with a projected -8.11% first-year return on $60,690 initial cash invested.
-8.11%
Cash On Cash
4.97%
Cap Rate
0.8
DSCR
$2,322
Rent
-$410
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$2,322 income − $2,732 expenses = $410 out of pocket
Investment Breakdown
|
Purchase Price
$289k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$60,690
Downpayment
20%
$57,800
Closing costs
1%
$2,890
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,322
Total Expenses
$2,732
Mortgage P&I
64%
$1,492
Property Taxes
23%
$536
Home Insurance
4%
$101
HOA
0%
$0
Property Management
10%
$232
CapEx
5%
$116
Vacancy
6%
$139
Maintenance
5%
$116
Other
0%
$0