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This property looks like a bad Long-Term investment with a projected -9% first-year return on $62,685 initial cash invested.
-9%
Cash On Cash
5.23%
Cap Rate
0.78
DSCR
$2,211
Rent
-$470
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$2,211 income − $2,681 expenses = $470 out of pocket
Investment Breakdown
|
Purchase Price
$299k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$62,685
Downpayment
20%
$59,700
Closing costs
1%
$2,985
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,211
Total Expenses
$2,681
Mortgage P&I
75%
$1,661
Property Taxes
15%
$340
Home Insurance
5%
$104
HOA
0%
$0
Property Management
10%
$221
CapEx
5%
$111
Vacancy
6%
$133
Maintenance
5%
$111
Other
0%
$0