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This property looks like a bad Long-Term investment with a projected -18.94% first-year return on $61,950 initial cash invested.
-18.94%
Cash On Cash
2.31%
Cap Rate
0.39
DSCR
$1,600
Rent
-$978
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$1,600 income − $2,578 expenses = $978 out of pocket
Investment Breakdown
|
Purchase Price
$295k
Downpayment
20.0%
Interest Rate
6.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$61,950
Downpayment
20%
$59,000
Closing costs
1%
$2,950
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,600
Total Expenses
$2,578
Mortgage P&I
92%
$1,465
Property Taxes
16%
$249
Home Insurance
6%
$103
HOA
22%
$345
Property Management
10%
$160
CapEx
5%
$80
Vacancy
6%
$96
Maintenance
5%
$80
Other
0%
$0