This property looks like a bad Long-Term investment with a projected -14.84% first-year return on $140k initial cash invested.
-14.84%
Cash On Cash
3.73%
Cap Rate
0.57
DSCR
$3,826
Rent
-$1,737
Cashflow
Cash Flow
$3,826 income − $5,563 expenses = $1,737 out of pocket
Investment Breakdown
|
Purchase Price
$669k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$140k
Downpayment
20%
$134k
Closing costs
1%
$6,689
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,826
Total Expenses
$5,563
Mortgage P&I
95%
$3,624
Property Taxes
18%
$682
Home Insurance
7%
$262
HOA
0%
$0
Property Management
10%
$383
CapEx
5%
$191
Vacancy
6%
$230
Maintenance
5%
$191
Other
0%
$0