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This property looks like a bad Long-Term investment with a projected -6.37% first-year return on $55,230 initial cash invested.
-6.37%
Cash On Cash
5.5%
Cap Rate
0.86
DSCR
$2,004
Rent
-$293
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$2,004 income − $2,297 expenses = $293 out of pocket
Investment Breakdown
|
Purchase Price
$263k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$55,230
Downpayment
20%
$52,600
Closing costs
1%
$2,630
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,004
Total Expenses
$2,297
Mortgage P&I
70%
$1,398
Property Taxes
14%
$288
Home Insurance
5%
$91
HOA
0%
$0
Property Management
10%
$200
CapEx
5%
$100
Vacancy
6%
$120
Maintenance
5%
$100
Other
0%
$0