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This property looks like a bad Long-Term investment with a projected -6.38% first-year return on $61,467 initial cash invested.
-6.38%
Cash On Cash
5.5%
Cap Rate
0.87
DSCR
$2,391
Rent
-$327
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$2,391 income − $2,718 expenses = $327 out of pocket
Investment Breakdown
|
Purchase Price
$293k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$61,467
Downpayment
20%
$58,540
Closing costs
1%
$2,927
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,391
Total Expenses
$2,718
Mortgage P&I
65%
$1,548
Property Taxes
19%
$443
Home Insurance
4%
$105
HOA
0%
$0
Property Management
10%
$239
CapEx
5%
$120
Vacancy
6%
$143
Maintenance
5%
$120
Other
0%
$0