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This property looks like a bad Long-Term investment with a projected -6.54% first-year return on $62,601 initial cash invested.
-6.54%
Cash On Cash
5.16%
Cap Rate
0.86
DSCR
$2,718
Rent
-$341
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$2,718 income − $3,059 expenses = $341 out of pocket
Investment Breakdown
|
Purchase Price
$298k
Downpayment
20.0%
Interest Rate
6.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$62,601
Downpayment
20%
$59,620
Closing costs
1%
$2,981
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,718
Total Expenses
$3,059
Mortgage P&I
55%
$1,488
Property Taxes
28%
$760
Home Insurance
4%
$104
HOA
0%
$0
Property Management
10%
$272
CapEx
5%
$136
Vacancy
6%
$163
Maintenance
5%
$136
Other
0%
$0