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This property looks like a bad Long-Term investment with a projected -2.37% first-year return on $51,723 initial cash invested.
-2.37%
Cash On Cash
6.2%
Cap Rate
1.02
DSCR
$2,622
Rent
-$102
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$2,622 income − $2,724 expenses = $102 out of pocket
Investment Breakdown
|
Purchase Price
$246k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$51,723
Downpayment
20%
$49,260
Closing costs
1%
$2,463
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,622
Total Expenses
$2,724
Mortgage P&I
47%
$1,244
Property Taxes
27%
$703
Home Insurance
4%
$96
HOA
0%
$0
Property Management
10%
$262
CapEx
5%
$131
Vacancy
6%
$157
Maintenance
5%
$131
Other
0%
$0