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This property looks like a bad Long-Term investment with a projected -7.32% first-year return on $62,307 initial cash invested.
-7.32%
Cash On Cash
4.79%
Cap Rate
0.81
DSCR
$2,222
Rent
-$380
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Investment Breakdown
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Purchase Price
$297k
Downpayment
20.0%
Interest Rate
6.2%
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
$2,222
Total Expenses
$2,602
Mortgage P&I
65%
$1,454
Property Taxes
21%
$466
Home Insurance
5%
$105
HOA
0%
$0
Property Management
10%
$222
CapEx
5%
$111
Vacancy
6%
$133
Maintenance
5%
$111
Other
0%
$0