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This property looks like a bad Long-Term investment with a projected -4% first-year return on $61,509 initial cash invested.
-4%
Cash On Cash
5.6%
Cap Rate
0.93
DSCR
$2,169
Rent
-$205
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$2,169 income − $2,374 expenses = $205 out of pocket
Investment Breakdown
|
Purchase Price
$293k
Downpayment
20.0%
Interest Rate
6.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$61,509
Downpayment
20%
$58,580
Closing costs
1%
$2,929
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,169
Total Expenses
$2,374
Mortgage P&I
68%
$1,464
Property Taxes
11%
$247
Home Insurance
5%
$100
HOA
0%
$0
Property Management
10%
$217
CapEx
5%
$108
Vacancy
6%
$130
Maintenance
5%
$108
Other
0%
$0