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This property looks like a bad Long-Term investment with a projected -6.83% first-year return on $62,370 initial cash invested.
-6.83%
Cash On Cash
4.99%
Cap Rate
0.83
DSCR
$1,985
Rent
-$355
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$1,985 income − $2,340 expenses = $355 out of pocket
Investment Breakdown
|
Purchase Price
$297k
Downpayment
20.0%
Interest Rate
6.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$62,370
Downpayment
20%
$59,400
Closing costs
1%
$2,970
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,985
Total Expenses
$2,340
Mortgage P&I
75%
$1,492
Property Taxes
11%
$228
Home Insurance
5%
$105
HOA
0%
$0
Property Management
10%
$198
CapEx
5%
$99
Vacancy
6%
$119
Maintenance
5%
$99
Other
0%
$0