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This property looks like a bad Long-Term investment with a projected -21.89% first-year return on $62,559 initial cash invested.
-21.89%
Cash On Cash
2.47%
Cap Rate
0.37
DSCR
$2,134
Rent
-$1,141
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$2,134 income − $3,275 expenses = $1,141 out of pocket
Investment Breakdown
|
Purchase Price
$298k
Downpayment
20.0%
Interest Rate
7.4%
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
$2,134
Total Expenses
$3,275
Mortgage P&I
77%
$1,646
Property Taxes
16%
$337
Home Insurance
5%
$105
HOA
30%
$632
Property Management
10%
$213
CapEx
5%
$107
Vacancy
6%
$128
Maintenance
5%
$107
Other
0%
$0