This property looks like a bad Long-Term investment with a projected -12.05% first-year return on $140k initial cash invested.
-12.05%
Cash On Cash
3.98%
Cap Rate
0.65
DSCR
$3,836
Rent
-$1,410
Cashflow
Cash Flow
$3,836 income − $5,246 expenses = $1,410 out of pocket
Investment Breakdown
|
Purchase Price
$669k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$140k
Downpayment
20%
$134k
Closing costs
1%
$6,687
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,836
Total Expenses
$5,246
Mortgage P&I
90%
$3,436
Property Taxes
15%
$576
Home Insurance
6%
$236
HOA
0%
$0
Property Management
10%
$384
CapEx
5%
$192
Vacancy
6%
$230
Maintenance
5%
$192
Other
0%
$0