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This property looks like a bad Long-Term investment with a projected -7.48% first-year return on $62,231 initial cash invested.
-7.48%
Cash On Cash
5.5%
Cap Rate
0.83
DSCR
$2,048
Rent
-$388
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$2,048 income − $2,436 expenses = $388 out of pocket
Investment Breakdown
|
Purchase Price
$296k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$62,231
Downpayment
20%
$59,268
Closing costs
1%
$2,963
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,048
Total Expenses
$2,436
Mortgage P&I
80%
$1,645
Property Taxes
4%
$86
Home Insurance
5%
$104
HOA
3%
$69
Property Management
10%
$205
CapEx
5%
$102
Vacancy
6%
$123
Maintenance
5%
$102
Other
0%
$0