This property looks like a bad Long-Term investment with a projected -15.99% first-year return on $140k initial cash invested.
-15.99%
Cash On Cash
3.49%
Cap Rate
0.53
DSCR
$3,063
Rent
-$1,870
Cashflow
Cash Flow
$3,063 income − $4,933 expenses = $1,870 out of pocket
Investment Breakdown
|
Purchase Price
$668k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$140k
Downpayment
20%
$134k
Closing costs
1%
$6,681
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,063
Total Expenses
$4,933
Mortgage P&I
120%
$3,661
Property Taxes
8%
$238
Home Insurance
8%
$238
HOA
0%
$0
Property Management
10%
$306
CapEx
5%
$153
Vacancy
6%
$184
Maintenance
5%
$153
Other
0%
$0