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This property looks like a bad Long-Term investment with a projected -14.14% first-year return on $62,391 initial cash invested.
-14.14%
Cash On Cash
3.38%
Cap Rate
0.57
DSCR
$2,241
Rent
-$735
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$2,241 income − $2,976 expenses = $735 out of pocket
Investment Breakdown
|
Purchase Price
$297k
Downpayment
20.0%
Interest Rate
6.2%
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
$2,241
Total Expenses
$2,976
Mortgage P&I
65%
$1,461
Property Taxes
17%
$381
Home Insurance
4%
$98
HOA
20%
$454
Property Management
10%
$224
CapEx
5%
$112
Vacancy
6%
$134
Maintenance
5%
$112
Other
0%
$0