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This property looks like a bad Long-Term investment with a projected -3.89% first-year return on $62,622 initial cash invested.
-3.89%
Cash On Cash
5.58%
Cap Rate
0.94
DSCR
$2,300
Rent
-$203
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$2,300 income − $2,503 expenses = $203 out of pocket
Investment Breakdown
|
Purchase Price
$298k
Downpayment
20.0%
Interest Rate
6.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$62,622
Downpayment
20%
$59,640
Closing costs
1%
$2,982
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,300
Total Expenses
$2,503
Mortgage P&I
64%
$1,475
Property Taxes
14%
$323
Home Insurance
5%
$107
HOA
0%
$0
Property Management
10%
$230
CapEx
5%
$115
Vacancy
6%
$138
Maintenance
5%
$115
Other
0%
$0