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This property looks like a bad Long-Term investment with a projected -4.76% first-year return on $62,265 initial cash invested.
-4.76%
Cash On Cash
5.5%
Cap Rate
0.9
DSCR
$2,004
Rent
-$247
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$2,004 income − $2,251 expenses = $247 out of pocket
Investment Breakdown
|
Purchase Price
$297k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$62,265
Downpayment
20%
$59,300
Closing costs
1%
$2,965
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,004
Total Expenses
$2,251
Mortgage P&I
75%
$1,507
Property Taxes
6%
$119
Home Insurance
5%
$105
HOA
0%
$0
Property Management
10%
$200
CapEx
5%
$100
Vacancy
6%
$120
Maintenance
5%
$100
Other
0%
$0