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This property looks like a bad Long-Term investment with a projected -6.27% first-year return on $61,005 initial cash invested.
-6.27%
Cash On Cash
5.15%
Cap Rate
0.85
DSCR
$2,093
Rent
-$319
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$2,093 income − $2,412 expenses = $319 out of pocket
Investment Breakdown
|
Purchase Price
$291k
Downpayment
20.0%
Interest Rate
6.4%
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
$2,093
Total Expenses
$2,412
Mortgage P&I
70%
$1,460
Property Taxes
14%
$302
Home Insurance
5%
$105
HOA
0%
$0
Property Management
10%
$209
CapEx
5%
$105
Vacancy
6%
$126
Maintenance
5%
$105
Other
0%
$0