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This property looks like a bad Long-Term investment with a projected -13% first-year return on $60,627 initial cash invested.
-13%
Cash On Cash
3.85%
Cap Rate
0.63
DSCR
$2,081
Rent
-$657
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$2,081 income − $2,738 expenses = $657 out of pocket
Investment Breakdown
|
Purchase Price
$289k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$60,627
Downpayment
20%
$57,740
Closing costs
1%
$2,887
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,081
Total Expenses
$2,738
Mortgage P&I
71%
$1,480
Property Taxes
29%
$612
Home Insurance
5%
$105
HOA
0%
$0
Property Management
10%
$208
CapEx
5%
$104
Vacancy
6%
$125
Maintenance
5%
$104
Other
0%
$0