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This property looks like a bad Long-Term investment with a projected -5.3% first-year return on $62,265 initial cash invested.
-5.3%
Cash On Cash
5.53%
Cap Rate
0.89
DSCR
$2,202
Rent
-$275
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$2,202 income − $2,477 expenses = $275 out of pocket
Investment Breakdown
|
Purchase Price
$297k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$62,265
Downpayment
20%
$59,300
Closing costs
1%
$2,965
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,202
Total Expenses
$2,477
Mortgage P&I
70%
$1,532
Property Taxes
11%
$245
Home Insurance
5%
$105
HOA
1%
$23
Property Management
10%
$220
CapEx
5%
$110
Vacancy
6%
$132
Maintenance
5%
$110
Other
0%
$0