This property looks like a bad Long-Term investment with a projected -16.45% first-year return on $140k initial cash invested.
-16.45%
Cash On Cash
2.85%
Cap Rate
0.47
DSCR
$2,841
Rent
-$1,922
Cashflow
Cash Flow
$2,841 income − $4,763 expenses = $1,922 out of pocket
Investment Breakdown
|
Purchase Price
$668k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$140k
Downpayment
20%
$134k
Closing costs
1%
$6,675
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,841
Total Expenses
$4,763
Mortgage P&I
119%
$3,368
Property Taxes
15%
$421
Home Insurance
8%
$236
HOA
0%
$0
Property Management
10%
$284
CapEx
5%
$142
Vacancy
6%
$170
Maintenance
5%
$142
Other
0%
$0