This property looks like a bad Long-Term investment with a projected -17.68% first-year return on $140k initial cash invested.
-17.68%
Cash On Cash
2.74%
Cap Rate
0.44
DSCR
$2,422
Rent
-$2,070
Cashflow
Cash Flow
$2,422 income − $4,492 expenses = $2,070 out of pocket
Investment Breakdown
|
Purchase Price
$669k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$140k
Downpayment
20%
$134k
Closing costs
1%
$6,690
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,422
Total Expenses
$4,492
Mortgage P&I
144%
$3,479
Property Taxes
6%
$150
Home Insurance
10%
$234
HOA
0%
$0
Property Management
10%
$242
CapEx
5%
$121
Vacancy
6%
$145
Maintenance
5%
$121
Other
0%
$0