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This property looks like a bad Long-Term investment with a projected -16.29% first-year return on $62,559 initial cash invested.
-16.29%
Cash On Cash
3.09%
Cap Rate
0.5
DSCR
$1,481
Rent
-$849
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$1,481 income − $2,330 expenses = $849 out of pocket
Investment Breakdown
|
Purchase Price
$298k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$62,559
Downpayment
20%
$59,580
Closing costs
1%
$2,979
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,481
Total Expenses
$2,330
Mortgage P&I
104%
$1,541
Property Taxes
5%
$76
Home Insurance
7%
$110
HOA
15%
$218
Property Management
10%
$148
CapEx
5%
$74
Vacancy
6%
$89
Maintenance
5%
$74
Other
0%
$0