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This property looks like a bad Mid-Term investment with a projected -2% first-year return on $80,601 initial cash invested.
-2%
Cash On Cash
5.88%
Cap Rate
0.98
DSCR
$2,492
Rent
-$134
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$2,492 income − $2,626 expenses = $134 out of pocket
Investment Breakdown
|
Purchase Price
$298k
Downpayment
20.0%
Interest Rate
6.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$80,601
Downpayment
20%
$59,620
Closing costs
1%
$2,981
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,492
Total Expenses
$2,626
Mortgage P&I
60%
$1,494
Property Taxes
7%
$176
Home Insurance
4%
$108
HOA
0%
$0
Property Management
12%
$299
CapEx
4%
$100
Vacancy
3%
$75
Maintenance
4%
$100
Other
11%
$274