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This property looks like a bad Long-Term investment with a projected -7.95% first-year return on $61,005 initial cash invested.
-7.95%
Cash On Cash
5.37%
Cap Rate
0.81
DSCR
$1,993
Rent
-$404
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$1,993 income − $2,397 expenses = $404 out of pocket
Investment Breakdown
|
Purchase Price
$291k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$61,005
Downpayment
20%
$58,100
Closing costs
1%
$2,905
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,993
Total Expenses
$2,397
Mortgage P&I
81%
$1,605
Property Taxes
8%
$168
Home Insurance
5%
$105
HOA
0%
$0
Property Management
10%
$199
CapEx
5%
$100
Vacancy
6%
$120
Maintenance
5%
$100
Other
0%
$0