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This property looks like a bad Long-Term investment with a projected -4.6% first-year return on $62,664 initial cash invested.
-4.6%
Cash On Cash
5.38%
Cap Rate
0.91
DSCR
$2,120
Rent
-$240
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$2,120 income − $2,360 expenses = $240 out of pocket
Investment Breakdown
|
Purchase Price
$298k
Downpayment
20.0%
Interest Rate
6.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$62,664
Downpayment
20%
$59,680
Closing costs
1%
$2,984
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,120
Total Expenses
$2,360
Mortgage P&I
69%
$1,472
Property Taxes
11%
$230
Home Insurance
5%
$107
HOA
0%
$0
Property Management
10%
$212
CapEx
5%
$106
Vacancy
6%
$127
Maintenance
5%
$106
Other
0%
$0