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This property looks like a bad Long-Term investment with a projected -6.35% first-year return on $51,009 initial cash invested.
-6.35%
Cash On Cash
5.51%
Cap Rate
0.87
DSCR
$2,000
Rent
-$270
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Investment Breakdown
|
Purchase Price
$243k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$51,009
Downpayment
20%
$48,580
Closing costs
1%
$2,429
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,000
Total Expenses
$2,270
Mortgage P&I
64%
$1,285
Property Taxes
19%
$379
Home Insurance
4%
$86
HOA
0%
$0
Property Management
10%
$200
CapEx
5%
$100
Vacancy
6%
$120
Maintenance
5%
$100
Other
0%
$0