This property looks like a bad Long-Term investment with a projected -26.01% first-year return on $140k initial cash invested.
-26.01%
Cash On Cash
0.99%
Cap Rate
0.16
DSCR
$2,214
Rent
-$3,032
Cashflow
Cash Flow
$2,214 income − $5,246 expenses = $3,032 out of pocket
Investment Breakdown
|
Purchase Price
$666k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$140k
Downpayment
20%
$133k
Closing costs
1%
$6,662
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,214
Total Expenses
$5,246
Mortgage P&I
157%
$3,472
Property Taxes
24%
$533
Home Insurance
11%
$245
HOA
19%
$420
Property Management
10%
$221
CapEx
5%
$111
Vacancy
6%
$133
Maintenance
5%
$111
Other
0%
$0