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This property looks like a bad Long-Term investment with a projected -3.8% first-year return on $60,690 initial cash invested.
-3.8%
Cash On Cash
5.87%
Cap Rate
0.95
DSCR
$2,495
Rent
-$192
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$2,495 income − $2,687 expenses = $192 out of pocket
Investment Breakdown
|
Purchase Price
$289k
Downpayment
20.0%
Interest Rate
6.6%
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
$2,495
Total Expenses
$2,687
Mortgage P&I
59%
$1,480
Property Taxes
18%
$452
Home Insurance
4%
$105
HOA
0%
$0
Property Management
10%
$250
CapEx
5%
$125
Vacancy
6%
$150
Maintenance
5%
$125
Other
0%
$0