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This property looks like a bad Long-Term investment with a projected -1.47% first-year return on $61,110 initial cash invested.
-1.47%
Cash On Cash
6.6%
Cap Rate
1.03
DSCR
$2,503
Rent
-$75
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$2,503 income − $2,578 expenses = $75 out of pocket
Investment Breakdown
|
Purchase Price
$291k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$61,110
Downpayment
20%
$58,200
Closing costs
1%
$2,910
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,503
Total Expenses
$2,578
Mortgage P&I
62%
$1,550
Property Taxes
11%
$275
Home Insurance
4%
$103
HOA
0%
$0
Property Management
10%
$250
CapEx
5%
$125
Vacancy
6%
$150
Maintenance
5%
$125
Other
0%
$0