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This property looks like a bad Long-Term investment with a projected -8.74% first-year return on $62,223 initial cash invested.
-8.74%
Cash On Cash
4.98%
Cap Rate
0.78
DSCR
$1,984
Rent
-$453
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$1,984 income − $2,437 expenses = $453 out of pocket
Investment Breakdown
|
Purchase Price
$296k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$62,223
Downpayment
20%
$59,260
Closing costs
1%
$2,963
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,984
Total Expenses
$2,437
Mortgage P&I
80%
$1,583
Property Taxes
11%
$212
Home Insurance
5%
$105
HOA
1%
$22
Property Management
10%
$198
CapEx
5%
$99
Vacancy
6%
$119
Maintenance
5%
$99
Other
0%
$0