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This property looks like a bad Long-Term investment with a projected -5.73% first-year return on $59,073 initial cash invested.
-5.73%
Cash On Cash
5.25%
Cap Rate
0.87
DSCR
$2,001
Rent
-$282
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$2,001 income − $2,283 expenses = $282 out of pocket
Investment Breakdown
|
Purchase Price
$281k
Downpayment
20.0%
Interest Rate
6.4%
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
$2,001
Total Expenses
$2,283
Mortgage P&I
71%
$1,413
Property Taxes
11%
$229
Home Insurance
5%
$100
HOA
1%
$21
Property Management
10%
$200
CapEx
5%
$100
Vacancy
6%
$120
Maintenance
5%
$100
Other
0%
$0