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This property looks like a bad Long-Term investment with a projected -2.74% first-year return on $51,198 initial cash invested.
-2.74%
Cash On Cash
6.26%
Cap Rate
0.98
DSCR
$1,863
Rent
-$117
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$1,863 income − $1,980 expenses = $117 out of pocket
Investment Breakdown
|
Purchase Price
$244k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$51,198
Downpayment
20%
$48,760
Closing costs
1%
$2,438
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,863
Total Expenses
$1,980
Mortgage P&I
70%
$1,296
Property Taxes
6%
$111
Home Insurance
5%
$89
HOA
0%
$0
Property Management
10%
$186
CapEx
5%
$93
Vacancy
6%
$112
Maintenance
5%
$93
Other
0%
$0