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This property looks like a bad Long-Term investment with a projected -10.71% first-year return on $62,622 initial cash invested.
-10.71%
Cash On Cash
4.12%
Cap Rate
0.69
DSCR
$1,995
Rent
-$559
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$1,995 income − $2,554 expenses = $559 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
$1,995
Total Expenses
$2,554
Mortgage P&I
74%
$1,484
Property Taxes
23%
$456
Home Insurance
5%
$94
HOA
0%
$0
Property Management
10%
$200
CapEx
5%
$100
Vacancy
6%
$120
Maintenance
5%
$100
Other
0%
$0