This property looks like a bad Long-Term investment with a projected -22.57% first-year return on $140k initial cash invested.
-22.57%
Cash On Cash
2.09%
Cap Rate
0.32
DSCR
$3,211
Rent
-$2,627
Cashflow
Cash Flow
$3,211 income − $5,838 expenses = $2,627 out of pocket
Investment Breakdown
|
Purchase Price
$665k
Downpayment
20.0%
Interest Rate
7.2%
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
$3,211
Total Expenses
$5,838
Mortgage P&I
113%
$3,625
Property Taxes
32%
$1,020
Home Insurance
7%
$233
HOA
4%
$124
Property Management
10%
$321
CapEx
5%
$161
Vacancy
6%
$193
Maintenance
5%
$161
Other
0%
$0