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This property looks like a bad Long-Term investment with a projected -7.89% first-year return on $62,349 initial cash invested.
-7.89%
Cash On Cash
4.88%
Cap Rate
0.8
DSCR
$2,185
Rent
-$410
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$2,185 income − $2,595 expenses = $410 out of pocket
Investment Breakdown
|
Purchase Price
$297k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$62,349
Downpayment
20%
$59,380
Closing costs
1%
$2,969
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,185
Total Expenses
$2,595
Mortgage P&I
69%
$1,508
Property Taxes
20%
$441
Home Insurance
4%
$79
HOA
0%
$0
Property Management
10%
$218
CapEx
5%
$109
Vacancy
6%
$131
Maintenance
5%
$109
Other
0%
$0