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This property looks like a bad Long-Term investment with a projected -3.69% first-year return on $62,454 initial cash invested.
-3.69%
Cash On Cash
6.41%
Cap Rate
0.96
DSCR
$2,396
Rent
-$192
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$2,396 income − $2,588 expenses = $192 out of pocket
Investment Breakdown
|
Purchase Price
$297k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$62,454
Downpayment
20%
$59,480
Closing costs
1%
$2,974
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,396
Total Expenses
$2,588
Mortgage P&I
69%
$1,661
Property Taxes
9%
$225
Home Insurance
3%
$78
HOA
0%
$0
Property Management
10%
$240
CapEx
5%
$120
Vacancy
6%
$144
Maintenance
5%
$120
Other
0%
$0