This property looks like a bad Long-Term investment with a projected -0.6% first-year return on $140k initial cash invested.
-0.6%
Cash On Cash
6.86%
Cap Rate
1.06
DSCR
$5,381
Rent
-$70
Cashflow
Cash Flow
$5,381 income − $5,451 expenses = $70 out of pocket
Investment Breakdown
|
Purchase Price
$668k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$140k
Downpayment
20%
$134k
Closing costs
1%
$6,675
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$5,381
Total Expenses
$5,451
Mortgage P&I
67%
$3,618
Property Taxes
4%
$189
Home Insurance
5%
$245
HOA
0%
$0
Property Management
10%
$538
CapEx
5%
$269
Vacancy
6%
$323
Maintenance
5%
$269
Other
0%
$0