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This property looks like a bad Long-Term investment with a projected -6% first-year return on $61,005 initial cash invested.
-6%
Cash On Cash
5.02%
Cap Rate
0.85
DSCR
$1,883
Rent
-$305
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$1,883 income − $2,188 expenses = $305 out of pocket
Investment Breakdown
|
Purchase Price
$291k
Downpayment
20.0%
Interest Rate
6.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$61,005
Downpayment
20%
$58,100
Closing costs
1%
$2,905
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,883
Total Expenses
$2,188
Mortgage P&I
76%
$1,427
Property Taxes
8%
$144
Home Insurance
7%
$128
HOA
0%
$0
Property Management
10%
$188
CapEx
5%
$94
Vacancy
6%
$113
Maintenance
5%
$94
Other
0%
$0