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This property looks like a bad Long-Term investment with a projected -2.99% first-year return on $63,798 initial cash invested.
-2.99%
Cash On Cash
6%
Cap Rate
0.97
DSCR
$2,360
Rent
-$159
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$2,360 income − $2,519 expenses = $159 out of pocket
Investment Breakdown
|
Purchase Price
$304k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$63,798
Downpayment
20%
$60,760
Closing costs
1%
$3,038
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,360
Total Expenses
$2,519
Mortgage P&I
66%
$1,559
Property Taxes
10%
$238
Home Insurance
5%
$108
HOA
0%
$0
Property Management
10%
$236
CapEx
5%
$118
Vacancy
6%
$142
Maintenance
5%
$118
Other
0%
$0