This property looks like a bad Long-Term investment with a projected -19.61% first-year return on $140k initial cash invested.
-19.61%
Cash On Cash
2.77%
Cap Rate
0.42
DSCR
$3,447
Rent
-$2,280
Cashflow
Cash Flow
$3,447 income − $5,727 expenses = $2,280 out of pocket
Investment Breakdown
|
Purchase Price
$664k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$140k
Downpayment
20%
$133k
Closing costs
1%
$6,643
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,447
Total Expenses
$5,727
Mortgage P&I
106%
$3,641
Property Taxes
28%
$962
Home Insurance
7%
$228
HOA
0%
$0
Property Management
10%
$345
CapEx
5%
$172
Vacancy
6%
$207
Maintenance
5%
$172
Other
0%
$0