This property looks like a bad Long-Term investment with a projected -26.94% first-year return on $140k initial cash invested.
-26.94%
Cash On Cash
1.16%
Cap Rate
0.18
DSCR
$2,827
Rent
-$3,137
Cashflow
Cash Flow
$2,827 income − $5,964 expenses = $3,137 out of pocket
Investment Breakdown
|
Purchase Price
$665k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$140k
Downpayment
20%
$133k
Closing costs
1%
$6,654
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,827
Total Expenses
$5,964
Mortgage P&I
129%
$3,640
Property Taxes
41%
$1,169
Home Insurance
15%
$420
HOA
0%
$0
Property Management
10%
$283
CapEx
5%
$141
Vacancy
6%
$170
Maintenance
5%
$141
Other
0%
$0