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This property looks like a bad Long-Term investment with a projected -3.51% first-year return on $62,580 initial cash invested.
-3.51%
Cash On Cash
5.7%
Cap Rate
0.95
DSCR
$2,292
Rent
-$183
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$2,292 income − $2,475 expenses = $183 out of pocket
Investment Breakdown
|
Purchase Price
$298k
Downpayment
20.0%
Interest Rate
6.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$62,580
Downpayment
20%
$59,600
Closing costs
1%
$2,980
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,292
Total Expenses
$2,475
Mortgage P&I
65%
$1,484
Property Taxes
13%
$289
Home Insurance
5%
$105
HOA
0%
$0
Property Management
10%
$229
CapEx
5%
$115
Vacancy
6%
$138
Maintenance
5%
$115
Other
0%
$0