This property looks like a bad Long-Term investment with a projected -21.23% first-year return on $140k initial cash invested.
-21.23%
Cash On Cash
2.34%
Cap Rate
0.35
DSCR
$1,968
Rent
-$2,486
Cashflow
Cash Flow
$1,968 income − $4,454 expenses = $2,486 out of pocket
Investment Breakdown
|
Purchase Price
$669k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$140k
Downpayment
20%
$134k
Closing costs
1%
$6,690
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,968
Total Expenses
$4,454
Mortgage P&I
188%
$3,691
Property Taxes
1%
$18
Home Insurance
12%
$234
HOA
0%
$0
Property Management
10%
$197
CapEx
5%
$98
Vacancy
6%
$118
Maintenance
5%
$98
Other
0%
$0