This property looks like a bad Long-Term investment with a projected -24.89% first-year return on $140k initial cash invested.
-24.89%
Cash On Cash
1.13%
Cap Rate
0.18
DSCR
$1,473
Rent
-$2,907
Cashflow
Cash Flow
$1,473 income − $4,380 expenses = $2,907 out of pocket
Investment Breakdown
|
Purchase Price
$668k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$140k
Downpayment
20%
$134k
Closing costs
1%
$6,675
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,473
Total Expenses
$4,380
Mortgage P&I
235%
$3,460
Property Taxes
21%
$303
Home Insurance
16%
$234
HOA
0%
$0
Property Management
10%
$147
CapEx
5%
$74
Vacancy
6%
$88
Maintenance
5%
$74
Other
0%
$0