This property looks like a bad Long-Term investment with a projected -18.32% first-year return on $140k initial cash invested.
-18.32%
Cash On Cash
2.9%
Cap Rate
0.45
DSCR
$3,113
Rent
-$2,134
Cashflow
Cash Flow
$3,113 income − $5,247 expenses = $2,134 out of pocket
Investment Breakdown
|
Purchase Price
$666k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$140k
Downpayment
20%
$133k
Closing costs
1%
$6,656
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,113
Total Expenses
$5,247
Mortgage P&I
115%
$3,587
Property Taxes
20%
$624
Home Insurance
7%
$226
HOA
0%
$0
Property Management
10%
$311
CapEx
5%
$156
Vacancy
6%
$187
Maintenance
5%
$156
Other
0%
$0