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This property looks like a bad Long-Term investment with a projected -2.93% first-year return on $62,286 initial cash invested.
-2.93%
Cash On Cash
6.23%
Cap Rate
0.98
DSCR
$2,252
Rent
-$152
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$2,252 income − $2,404 expenses = $152 out of pocket
Investment Breakdown
|
Purchase Price
$297k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$62,286
Downpayment
20%
$59,320
Closing costs
1%
$2,966
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,252
Total Expenses
$2,404
Mortgage P&I
70%
$1,579
Property Taxes
6%
$132
Home Insurance
5%
$107
HOA
0%
$0
Property Management
10%
$225
CapEx
5%
$113
Vacancy
6%
$135
Maintenance
5%
$113
Other
0%
$0