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This property looks like a bad Long-Term investment with a projected -4.49% first-year return on $60,900 initial cash invested.
-4.49%
Cash On Cash
5.5%
Cap Rate
0.92
DSCR
$2,233
Rent
-$228
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$2,233 income − $2,461 expenses = $228 out of pocket
Investment Breakdown
|
Purchase Price
$290k
Downpayment
20.0%
Interest Rate
6.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$60,900
Downpayment
20%
$58,000
Closing costs
1%
$2,900
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,233
Total Expenses
$2,461
Mortgage P&I
65%
$1,446
Property Taxes
15%
$332
Home Insurance
5%
$102
HOA
0%
$0
Property Management
10%
$223
CapEx
5%
$112
Vacancy
6%
$134
Maintenance
5%
$112
Other
0%
$0