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This property looks like a bad Long-Term investment with a projected -5.99% first-year return on $62,517 initial cash invested.
-5.99%
Cash On Cash
5%
Cap Rate
0.85
DSCR
$1,916
Rent
-$312
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$1,916 income − $2,228 expenses = $312 out of pocket
Investment Breakdown
|
Purchase Price
$298k
Downpayment
20.0%
Interest Rate
6.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$62,517
Downpayment
20%
$59,540
Closing costs
1%
$2,977
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,916
Total Expenses
$2,228
Mortgage P&I
76%
$1,456
Property Taxes
9%
$166
Home Insurance
6%
$107
HOA
0%
$0
Property Management
10%
$192
CapEx
5%
$96
Vacancy
6%
$115
Maintenance
5%
$96
Other
0%
$0