This property looks like a bad Long-Term investment with a projected -21.28% first-year return on $140k initial cash invested.
-21.28%
Cash On Cash
1.86%
Cap Rate
0.31
DSCR
$2,798
Rent
-$2,486
Cashflow
Cash Flow
$2,798 income − $5,284 expenses = $2,486 out of pocket
Investment Breakdown
|
Purchase Price
$668k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$140k
Downpayment
20%
$134k
Closing costs
1%
$6,677
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,798
Total Expenses
$5,284
Mortgage P&I
121%
$3,379
Property Taxes
31%
$881
Home Insurance
9%
$240
HOA
2%
$56
Property Management
10%
$280
CapEx
5%
$140
Vacancy
6%
$168
Maintenance
5%
$140
Other
0%
$0