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This property looks like a bad Long-Term investment with a projected -12.28% first-year return on $62,622 initial cash invested.
-12.28%
Cash On Cash
3.74%
Cap Rate
0.63
DSCR
$1,693
Rent
-$641
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$1,693 income − $2,334 expenses = $641 out of pocket
Investment Breakdown
|
Purchase Price
$298k
Downpayment
20.0%
Interest Rate
6.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$62,622
Downpayment
20%
$59,640
Closing costs
1%
$2,982
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,693
Total Expenses
$2,334
Mortgage P&I
88%
$1,485
Property Taxes
17%
$292
Home Insurance
7%
$116
HOA
0%
$0
Property Management
10%
$169
CapEx
5%
$85
Vacancy
6%
$102
Maintenance
5%
$85
Other
0%
$0