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This property looks like a bad Long-Term investment with a projected -13.19% first-year return on $62,790 initial cash invested.
-13.19%
Cash On Cash
3.78%
Cap Rate
0.63
DSCR
$2,501
Rent
-$690
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$2,501 income − $3,191 expenses = $690 out of pocket
Investment Breakdown
|
Purchase Price
$299k
Downpayment
20.0%
Interest Rate
6.5%
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
$2,501
Total Expenses
$3,191
Mortgage P&I
60%
$1,507
Property Taxes
13%
$314
Home Insurance
4%
$110
HOA
24%
$610
Property Management
10%
$250
CapEx
5%
$125
Vacancy
6%
$150
Maintenance
5%
$125
Other
0%
$0