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This property looks like a bad Long-Term investment with a projected -2.4% first-year return on $61,530 initial cash invested.
-2.4%
Cash On Cash
6.03%
Cap Rate
0.99
DSCR
$2,098
Rent
-$123
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$2,098 income − $2,221 expenses = $123 out of pocket
Investment Breakdown
|
Purchase Price
$293k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$61,530
Downpayment
20%
$58,600
Closing costs
1%
$2,930
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,098
Total Expenses
$2,221
Mortgage P&I
71%
$1,490
Property Taxes
3%
$73
Home Insurance
5%
$112
HOA
0%
$0
Property Management
10%
$210
CapEx
5%
$105
Vacancy
6%
$126
Maintenance
5%
$105
Other
0%
$0