This property looks like a bad Long-Term investment with a projected -17.05% first-year return on $140k initial cash invested.
-17.05%
Cash On Cash
3.33%
Cap Rate
0.5
DSCR
$3,420
Rent
-$1,992
Cashflow
Cash Flow
$3,420 income − $5,412 expenses = $1,992 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%
$6,675
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,420
Total Expenses
$5,412
Mortgage P&I
107%
$3,675
Property Taxes
18%
$610
Home Insurance
7%
$238
HOA
0%
$0
Property Management
10%
$342
CapEx
5%
$171
Vacancy
6%
$205
Maintenance
5%
$171
Other
0%
$0