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This property looks like a bad Long-Term investment with a projected -2.66% first-year return on $59,073 initial cash invested.
-2.66%
Cash On Cash
6.25%
Cap Rate
0.98
DSCR
$2,102
Rent
-$131
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$2,102 income − $2,233 expenses = $131 out of pocket
Investment Breakdown
|
Purchase Price
$281k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$59,073
Downpayment
20%
$56,260
Closing costs
1%
$2,813
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,102
Total Expenses
$2,233
Mortgage P&I
71%
$1,492
Property Taxes
5%
$95
Home Insurance
5%
$100
HOA
0%
$0
Property Management
10%
$210
CapEx
5%
$105
Vacancy
6%
$126
Maintenance
5%
$105
Other
0%
$0