This property looks like a bad Long-Term investment with a projected -1.94% first-year return on $137k initial cash invested.
-1.94%
Cash On Cash
6.57%
Cap Rate
1.02
DSCR
$5,952
Rent
-$222
Cashflow
Cash Flow
$5,952 income − $6,174 expenses = $222 out of pocket
Investment Breakdown
|
Purchase Price
$653k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$137k
Downpayment
20%
$131k
Closing costs
1%
$6,525
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$5,952
Total Expenses
$6,174
Mortgage P&I
59%
$3,497
Property Taxes
7%
$404
Home Insurance
4%
$243
HOA
8%
$482
Property Management
10%
$595
CapEx
5%
$298
Vacancy
6%
$357
Maintenance
5%
$298
Other
0%
$0