This property looks like a bad Long-Term investment with a projected -17.84% first-year return on $140k initial cash invested.
-17.84%
Cash On Cash
2.89%
Cap Rate
0.45
DSCR
$3,139
Rent
-$2,080
Cashflow
Cash Flow
$3,139 income − $5,219 expenses = $2,080 out of pocket
Investment Breakdown
|
Purchase Price
$666k
Downpayment
20.0%
Interest Rate
7.0%
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
$3,139
Total Expenses
$5,219
Mortgage P&I
112%
$3,527
Property Taxes
20%
$614
Home Insurance
8%
$262
HOA
0%
$0
Property Management
10%
$314
CapEx
5%
$157
Vacancy
6%
$188
Maintenance
5%
$157
Other
0%
$0