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This property looks like a bad Long-Term investment with a projected -4.66% first-year return on $62,076 initial cash invested.
-4.66%
Cash On Cash
5.6%
Cap Rate
0.92
DSCR
$2,431
Rent
-$241
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$2,431 income − $2,672 expenses = $241 out of pocket
Investment Breakdown
|
Purchase Price
$296k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$62,076
Downpayment
20%
$59,120
Closing costs
1%
$2,956
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,431
Total Expenses
$2,672
Mortgage P&I
62%
$1,498
Property Taxes
18%
$436
Home Insurance
4%
$105
HOA
0%
$0
Property Management
10%
$243
CapEx
5%
$122
Vacancy
6%
$146
Maintenance
5%
$122
Other
0%
$0