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This property looks like a bad Long-Term investment with a projected -9.24% first-year return on $62,580 initial cash invested.
-9.24%
Cash On Cash
4.49%
Cap Rate
0.74
DSCR
$1,753
Rent
-$482
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$1,753 income − $2,235 expenses = $482 out of pocket
Investment Breakdown
|
Purchase Price
$298k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$62,580
Downpayment
20%
$59,600
Closing costs
1%
$2,980
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,753
Total Expenses
$2,235
Mortgage P&I
86%
$1,509
Property Taxes
8%
$148
Home Insurance
6%
$105
HOA
1%
$17
Property Management
10%
$175
CapEx
5%
$88
Vacancy
6%
$105
Maintenance
5%
$88
Other
0%
$0