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This property looks like a bad Long-Term investment with a projected -4.51% first-year return on $62,202 initial cash invested.
-4.51%
Cash On Cash
5.85%
Cap Rate
0.92
DSCR
$2,037
Rent
-$234
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$2,037 income − $2,271 expenses = $234 out of pocket
Investment Breakdown
|
Purchase Price
$296k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$62,202
Downpayment
20%
$59,240
Closing costs
1%
$2,962
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,037
Total Expenses
$2,271
Mortgage P&I
77%
$1,576
Property Taxes
3%
$60
Home Insurance
5%
$105
HOA
0%
$0
Property Management
10%
$204
CapEx
5%
$102
Vacancy
6%
$122
Maintenance
5%
$102
Other
0%
$0