This property looks like a bad Long-Term investment with a projected -19.72% first-year return on $140k initial cash invested.
-19.72%
Cash On Cash
2.74%
Cap Rate
0.42
DSCR
$3,195
Rent
-$2,294
Cashflow
Cash Flow
$3,195 income − $5,489 expenses = $2,294 out of pocket
Investment Breakdown
|
Purchase Price
$665k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$140k
Downpayment
20%
$133k
Closing costs
1%
$6,647
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,195
Total Expenses
$5,489
Mortgage P&I
114%
$3,654
Property Taxes
24%
$758
Home Insurance
8%
$245
HOA
0%
$0
Property Management
10%
$320
CapEx
5%
$160
Vacancy
6%
$192
Maintenance
5%
$160
Other
0%
$0