This property looks like a bad Long-Term investment with a projected -3.5% first-year return on $137k initial cash invested.
-3.5%
Cash On Cash
6.14%
Cap Rate
0.96
DSCR
$5,130
Rent
-$399
Cashflow
Cash Flow
$5,130 income − $5,529 expenses = $399 out of pocket
Investment Breakdown
|
Purchase Price
$652k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$137k
Downpayment
20%
$130k
Closing costs
1%
$6,521
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$5,130
Total Expenses
$5,529
Mortgage P&I
68%
$3,479
Property Taxes
10%
$489
Home Insurance
4%
$228
HOA
0%
$0
Property Management
10%
$513
CapEx
5%
$256
Vacancy
6%
$308
Maintenance
5%
$256
Other
0%
$0