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This property looks like a bad Long-Term investment with a projected -2.89% first-year return on $62,790 initial cash invested.
-2.89%
Cash On Cash
5.9%
Cap Rate
0.98
DSCR
$2,458
Rent
-$151
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$2,458 income − $2,609 expenses = $151 out of pocket
Investment Breakdown
|
Purchase Price
$299k
Downpayment
20.0%
Interest Rate
6.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$62,790
Downpayment
20%
$59,800
Closing costs
1%
$2,990
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,458
Total Expenses
$2,609
Mortgage P&I
61%
$1,497
Property Taxes
15%
$368
Home Insurance
4%
$105
HOA
0%
$0
Property Management
10%
$246
CapEx
5%
$123
Vacancy
6%
$147
Maintenance
5%
$123
Other
0%
$0