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This property looks like a bad Long-Term investment with a projected -3% first-year return on $60,837 initial cash invested.
-3%
Cash On Cash
5.66%
Cap Rate
0.96
DSCR
$2,005
Rent
-$152
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$2,005 income − $2,157 expenses = $152 out of pocket
Investment Breakdown
|
Purchase Price
$290k
Downpayment
20.0%
Interest Rate
6.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$60,837
Downpayment
20%
$57,940
Closing costs
1%
$2,897
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,005
Total Expenses
$2,157
Mortgage P&I
71%
$1,419
Property Taxes
4%
$75
Home Insurance
5%
$103
HOA
2%
$40
Property Management
10%
$200
CapEx
5%
$100
Vacancy
6%
$120
Maintenance
5%
$100
Other
0%
$0