This property looks like a bad Long-Term investment with a projected -20.71% first-year return on $140k initial cash invested.
-20.71%
Cash On Cash
2.39%
Cap Rate
0.37
DSCR
$2,157
Rent
-$2,412
Cashflow
Cash Flow
$2,157 income − $4,569 expenses = $2,412 out of pocket
Investment Breakdown
|
Purchase Price
$666k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$140k
Downpayment
20%
$133k
Closing costs
1%
$6,655
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,157
Total Expenses
$4,569
Mortgage P&I
168%
$3,632
Property Taxes
6%
$131
Home Insurance
11%
$245
HOA
0%
$0
Property Management
10%
$216
CapEx
5%
$108
Vacancy
6%
$129
Maintenance
5%
$108
Other
0%
$0