This property looks like a bad Long-Term investment with a projected -18.52% first-year return on $140k initial cash invested.
-18.52%
Cash On Cash
3%
Cap Rate
0.45
DSCR
$3,334
Rent
-$2,168
Cashflow
Cash Flow
$3,334 income − $5,502 expenses = $2,168 out of pocket
Investment Breakdown
|
Purchase Price
$669k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$140k
Downpayment
20%
$134k
Closing costs
1%
$6,688
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,334
Total Expenses
$5,502
Mortgage P&I
110%
$3,671
Property Taxes
20%
$652
Home Insurance
7%
$234
HOA
2%
$78
Property Management
10%
$333
CapEx
5%
$167
Vacancy
6%
$200
Maintenance
5%
$167
Other
0%
$0