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This property looks like a bad Long-Term investment with a projected -8.37% first-year return on $61,824 initial cash invested.
-8.37%
Cash On Cash
5.05%
Cap Rate
0.8
DSCR
$2,253
Rent
-$431
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$2,253 income − $2,684 expenses = $431 out of pocket
Investment Breakdown
|
Purchase Price
$294k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$61,824
Downpayment
20%
$58,880
Closing costs
1%
$2,944
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,253
Total Expenses
$2,684
Mortgage P&I
69%
$1,556
Property Taxes
19%
$437
Home Insurance
5%
$105
HOA
0%
$0
Property Management
10%
$225
CapEx
5%
$113
Vacancy
6%
$135
Maintenance
5%
$113
Other
0%
$0