This property looks like a bad Long-Term investment with a projected -20.27% first-year return on $140k initial cash invested.
-20.27%
Cash On Cash
2.77%
Cap Rate
0.41
DSCR
$2,914
Rent
-$2,370
Cashflow
Cash Flow
$2,914 income − $5,284 expenses = $2,370 out of pocket
Investment Breakdown
|
Purchase Price
$668k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$140k
Downpayment
20%
$134k
Closing costs
1%
$6,680
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,914
Total Expenses
$5,284
Mortgage P&I
129%
$3,766
Property Taxes
16%
$477
Home Insurance
8%
$241
HOA
1%
$42
Property Management
10%
$291
CapEx
5%
$146
Vacancy
6%
$175
Maintenance
5%
$146
Other
0%
$0