This property looks like a bad Long-Term investment with a projected -14.81% first-year return on $140k initial cash invested.
-14.81%
Cash On Cash
3.26%
Cap Rate
0.54
DSCR
$3,141
Rent
-$1,723
Cashflow
Cash Flow
$3,141 income − $4,864 expenses = $1,723 out of pocket
Investment Breakdown
|
Purchase Price
$665k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$140k
Downpayment
20%
$133k
Closing costs
1%
$6,650
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,141
Total Expenses
$4,864
Mortgage P&I
107%
$3,375
Property Taxes
14%
$440
Home Insurance
7%
$233
HOA
0%
$0
Property Management
10%
$314
CapEx
5%
$157
Vacancy
6%
$188
Maintenance
5%
$157
Other
0%
$0