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This property looks like a bad Long-Term investment with a projected -1.38% first-year return on $62,748 initial cash invested.
-1.38%
Cash On Cash
6.3%
Cap Rate
1.03
DSCR
$2,398
Rent
-$72
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$2,398 income − $2,470 expenses = $72 out of pocket
Investment Breakdown
|
Purchase Price
$299k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$62,748
Downpayment
20%
$59,760
Closing costs
1%
$2,988
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,398
Total Expenses
$2,470
Mortgage P&I
63%
$1,520
Property Taxes
9%
$221
Home Insurance
4%
$105
HOA
0%
$0
Property Management
10%
$240
CapEx
5%
$120
Vacancy
6%
$144
Maintenance
5%
$120
Other
0%
$0