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This property looks like a bad Long-Term investment with a projected -5.86% first-year return on $62,622 initial cash invested.
-5.86%
Cash On Cash
5.24%
Cap Rate
0.87
DSCR
$2,352
Rent
-$306
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$2,352 income − $2,658 expenses = $306 out of pocket
Investment Breakdown
|
Purchase Price
$298k
Downpayment
20.0%
Interest Rate
6.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$62,622
Downpayment
20%
$59,640
Closing costs
1%
$2,982
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,352
Total Expenses
$2,658
Mortgage P&I
63%
$1,489
Property Taxes
19%
$452
Home Insurance
4%
$105
HOA
0%
$0
Property Management
10%
$235
CapEx
5%
$118
Vacancy
6%
$141
Maintenance
5%
$118
Other
0%
$0