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This property looks like a bad Long-Term investment with a projected -4.51% first-year return on $62,202 initial cash invested.
-4.51%
Cash On Cash
5.5%
Cap Rate
0.92
DSCR
$2,155
Rent
-$234
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$2,155 income − $2,389 expenses = $234 out of pocket
Investment Breakdown
|
Purchase Price
$296k
Downpayment
20.0%
Interest Rate
6.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$62,202
Downpayment
20%
$59,240
Closing costs
1%
$2,962
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,155
Total Expenses
$2,389
Mortgage P&I
69%
$1,484
Property Taxes
11%
$244
Home Insurance
5%
$100
HOA
0%
$0
Property Management
10%
$216
CapEx
5%
$108
Vacancy
6%
$129
Maintenance
5%
$108
Other
0%
$0