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This property looks like a bad Long-Term investment with a projected -3.44% first-year return on $62,475 initial cash invested.
-3.44%
Cash On Cash
6.05%
Cap Rate
0.96
DSCR
$2,262
Rent
-$179
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$2,262 income − $2,441 expenses = $179 out of pocket
Investment Breakdown
|
Purchase Price
$298k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$62,475
Downpayment
20%
$59,500
Closing costs
1%
$2,975
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,262
Total Expenses
$2,441
Mortgage P&I
69%
$1,567
Property Taxes
10%
$216
Home Insurance
3%
$70
HOA
0%
$0
Property Management
10%
$226
CapEx
5%
$113
Vacancy
6%
$136
Maintenance
5%
$113
Other
0%
$0