This property looks like a bad Long-Term investment with a projected -21.61% first-year return on $140k initial cash invested.
-21.61%
Cash On Cash
1.76%
Cap Rate
0.29
DSCR
$2,189
Rent
-$2,512
Cashflow
Cash Flow
$2,189 income − $4,701 expenses = $2,512 out of pocket
Investment Breakdown
|
Purchase Price
$664k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$140k
Downpayment
20%
$133k
Closing costs
1%
$6,643
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,189
Total Expenses
$4,701
Mortgage P&I
154%
$3,378
Property Taxes
22%
$489
Home Insurance
12%
$266
HOA
0%
$0
Property Management
10%
$219
CapEx
5%
$109
Vacancy
6%
$131
Maintenance
5%
$109
Other
0%
$0