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This property looks like a bad Long-Term investment with a projected -5.91% first-year return on $61,698 initial cash invested.
-5.91%
Cash On Cash
5.21%
Cap Rate
0.88
DSCR
$2,520
Rent
-$304
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$2,520 income − $2,824 expenses = $304 out of pocket
Investment Breakdown
|
Purchase Price
$294k
Downpayment
20.0%
Interest Rate
6.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$61,698
Downpayment
20%
$58,760
Closing costs
1%
$2,938
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,520
Total Expenses
$2,824
Mortgage P&I
58%
$1,454
Property Taxes
24%
$610
Home Insurance
4%
$105
HOA
0%
$0
Property Management
10%
$252
CapEx
5%
$126
Vacancy
6%
$151
Maintenance
5%
$126
Other
0%
$0