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This property looks like a bad Long-Term investment with a projected -6.97% first-year return on $62,496 initial cash invested.
-6.97%
Cash On Cash
4.9%
Cap Rate
0.82
DSCR
$1,959
Rent
-$363
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$1,959 income − $2,322 expenses = $363 out of pocket
Investment Breakdown
|
Purchase Price
$298k
Downpayment
20.0%
Interest Rate
6.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$62,496
Downpayment
20%
$59,520
Closing costs
1%
$2,976
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,959
Total Expenses
$2,322
Mortgage P&I
76%
$1,479
Property Taxes
12%
$226
Home Insurance
5%
$107
HOA
0%
$0
Property Management
10%
$196
CapEx
5%
$98
Vacancy
6%
$118
Maintenance
5%
$98
Other
0%
$0