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This property looks like a bad Long-Term investment with a projected -12% first-year return on $60,690 initial cash invested.
-12%
Cash On Cash
3.8%
Cap Rate
0.63
DSCR
$1,596
Rent
-$607
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$1,596 income − $2,203 expenses = $607 out of pocket
Investment Breakdown
|
Purchase Price
$289k
Downpayment
20.0%
Interest Rate
6.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$60,690
Downpayment
20%
$57,800
Closing costs
1%
$2,890
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,596
Total Expenses
$2,203
Mortgage P&I
90%
$1,443
Property Taxes
14%
$222
Home Insurance
6%
$101
HOA
1%
$21
Property Management
10%
$160
CapEx
5%
$80
Vacancy
6%
$96
Maintenance
5%
$80
Other
0%
$0