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This property looks like a bad Long-Term investment with a projected -4.2% first-year return on $58,800 initial cash invested.
-4.2%
Cash On Cash
5.53%
Cap Rate
0.92
DSCR
$1,994
Rent
-$206
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$1,994 income − $2,200 expenses = $206 out of pocket
Investment Breakdown
|
Purchase Price
$280k
Downpayment
20.0%
Interest Rate
6.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$58,800
Downpayment
20%
$56,000
Closing costs
1%
$2,800
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,994
Total Expenses
$2,200
Mortgage P&I
70%
$1,396
Property Taxes
9%
$187
Home Insurance
5%
$98
HOA
0%
$0
Property Management
10%
$199
CapEx
5%
$100
Vacancy
6%
$120
Maintenance
5%
$100
Other
0%
$0