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This property looks like a bad Long-Term investment with a projected -6.09% first-year return on $60,900 initial cash invested.
-6.09%
Cash On Cash
5.52%
Cap Rate
0.87
DSCR
$2,250
Rent
-$309
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$2,250 income − $2,559 expenses = $309 out of pocket
Investment Breakdown
|
Purchase Price
$290k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$60,900
Downpayment
20%
$58,000
Closing costs
1%
$2,900
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,250
Total Expenses
$2,559
Mortgage P&I
68%
$1,530
Property Taxes
15%
$343
Home Insurance
5%
$102
HOA
0%
$0
Property Management
10%
$225
CapEx
5%
$112
Vacancy
6%
$135
Maintenance
5%
$112
Other
0%
$0