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This property looks like a bad Long-Term investment with a projected -17.77% first-year return on $62,454 initial cash invested.
-17.77%
Cash On Cash
3.18%
Cap Rate
0.49
DSCR
$1,958
Rent
-$925
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$1,958 income − $2,883 expenses = $925 out of pocket
Investment Breakdown
|
Purchase Price
$297k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$62,454
Downpayment
20%
$59,480
Closing costs
1%
$2,974
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,958
Total Expenses
$2,883
Mortgage P&I
82%
$1,615
Property Taxes
33%
$654
Home Insurance
5%
$105
HOA
0%
$0
Property Management
10%
$196
CapEx
5%
$98
Vacancy
6%
$117
Maintenance
5%
$98
Other
0%
$0