This property looks like a bad Long-Term investment with a projected -19.81% first-year return on $140k initial cash invested.
-19.81%
Cash On Cash
2.13%
Cap Rate
0.35
DSCR
$2,286
Rent
-$2,304
Cashflow
Cash Flow
$2,286 income − $4,590 expenses = $2,304 out of pocket
Investment Breakdown
|
Purchase Price
$665k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$140k
Downpayment
20%
$133k
Closing costs
1%
$6,645
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,286
Total Expenses
$4,590
Mortgage P&I
147%
$3,368
Property Taxes
17%
$383
Home Insurance
11%
$245
HOA
0%
$0
Property Management
10%
$229
CapEx
5%
$114
Vacancy
6%
$137
Maintenance
5%
$114
Other
0%
$0