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This property looks like a bad Long-Term investment with a projected -5.04% first-year return on $60,753 initial cash invested.
-5.04%
Cash On Cash
5.32%
Cap Rate
0.89
DSCR
$2,004
Rent
-$255
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$2,004 income − $2,259 expenses = $255 out of pocket
Investment Breakdown
|
Purchase Price
$289k
Downpayment
20.0%
Interest Rate
6.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$60,753
Downpayment
20%
$57,860
Closing costs
1%
$2,893
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,004
Total Expenses
$2,259
Mortgage P&I
72%
$1,438
Property Taxes
10%
$196
Home Insurance
5%
$105
HOA
0%
$0
Property Management
10%
$200
CapEx
5%
$100
Vacancy
6%
$120
Maintenance
5%
$100
Other
0%
$0