This property looks like a bad Long-Term investment with a projected -15.48% first-year return on $140k initial cash invested.
-15.48%
Cash On Cash
3.56%
Cap Rate
0.55
DSCR
$3,687
Rent
-$1,811
Cashflow
Cash Flow
$3,687 income − $5,498 expenses = $1,811 out of pocket
Investment Breakdown
|
Purchase Price
$669k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$140k
Downpayment
20%
$134k
Closing costs
1%
$6,686
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,687
Total Expenses
$5,498
Mortgage P&I
98%
$3,613
Property Taxes
19%
$682
Home Insurance
7%
$245
HOA
0%
$0
Property Management
10%
$369
CapEx
5%
$184
Vacancy
6%
$221
Maintenance
5%
$184
Other
0%
$0