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This property looks like a bad Long-Term investment with a projected -6% first-year return on $60,774 initial cash invested.
-6%
Cash On Cash
5.31%
Cap Rate
0.86
DSCR
$2,011
Rent
-$304
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$2,011 income − $2,315 expenses = $304 out of pocket
Investment Breakdown
|
Purchase Price
$289k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$60,774
Downpayment
20%
$57,880
Closing costs
1%
$2,894
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,011
Total Expenses
$2,315
Mortgage P&I
74%
$1,484
Property Taxes
10%
$196
Home Insurance
5%
$103
HOA
0%
$8
Property Management
10%
$201
CapEx
5%
$101
Vacancy
6%
$121
Maintenance
5%
$101
Other
0%
$0