This property looks like a bad Long-Term investment with a projected -14.94% first-year return on $140k initial cash invested.
-14.94%
Cash On Cash
3.56%
Cap Rate
0.56
DSCR
$3,425
Rent
-$1,742
Cashflow
Cash Flow
$3,425 income − $5,167 expenses = $1,742 out of pocket
Investment Breakdown
|
Purchase Price
$666k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$140k
Downpayment
20%
$133k
Closing costs
1%
$6,664
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,425
Total Expenses
$5,167
Mortgage P&I
104%
$3,546
Property Taxes
15%
$526
Home Insurance
6%
$205
HOA
0%
$0
Property Management
10%
$342
CapEx
5%
$171
Vacancy
6%
$206
Maintenance
5%
$171
Other
0%
$0