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This property looks like a bad Long-Term investment with a projected -19.31% first-year return on $60,900 initial cash invested.
-19.31%
Cash On Cash
2.31%
Cap Rate
0.38
DSCR
$991
Rent
-$980
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$991 income − $1,971 expenses = $980 out of pocket
Investment Breakdown
|
Purchase Price
$290k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$60,900
Downpayment
20%
$58,000
Closing costs
1%
$2,900
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$991
Total Expenses
$1,971
Mortgage P&I
150%
$1,488
Property Taxes
12%
$123
Home Insurance
10%
$102
HOA
0%
$0
Property Management
10%
$99
CapEx
5%
$50
Vacancy
6%
$59
Maintenance
5%
$50
Other
0%
$0