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This property looks like a bad Long-Term investment with a projected -4.6% first-year return on $62,307 initial cash invested.
-4.6%
Cash On Cash
5.56%
Cap Rate
0.92
DSCR
$2,374
Rent
-$239
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$2,374 income − $2,613 expenses = $239 out of pocket
Investment Breakdown
|
Purchase Price
$297k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$62,307
Downpayment
20%
$59,340
Closing costs
1%
$2,967
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,374
Total Expenses
$2,613
Mortgage P&I
63%
$1,495
Property Taxes
17%
$396
Home Insurance
4%
$105
HOA
0%
$0
Property Management
10%
$237
CapEx
5%
$119
Vacancy
6%
$142
Maintenance
5%
$119
Other
0%
$0