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This property looks like a bad Long-Term investment with a projected -7.9% first-year return on $62,391 initial cash invested.
-7.9%
Cash On Cash
5%
Cap Rate
0.8
DSCR
$2,071
Rent
-$411
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$2,071 income − $2,482 expenses = $411 out of pocket
Investment Breakdown
|
Purchase Price
$297k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$62,391
Downpayment
20%
$59,420
Closing costs
1%
$2,971
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,071
Total Expenses
$2,482
Mortgage P&I
75%
$1,545
Property Taxes
13%
$272
Home Insurance
6%
$126
HOA
0%
$0
Property Management
10%
$207
CapEx
5%
$104
Vacancy
6%
$124
Maintenance
5%
$104
Other
0%
$0