This property looks like a bad Long-Term investment with a projected -22.18% first-year return on $140k initial cash invested.
-22.18%
Cash On Cash
2%
Cap Rate
0.31
DSCR
$2,238
Rent
-$2,586
Cashflow
Cash Flow
$2,238 income − $4,824 expenses = $2,586 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%
$6,661
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,238
Total Expenses
$4,824
Mortgage P&I
160%
$3,585
Property Taxes
19%
$417
Home Insurance
11%
$240
HOA
0%
$0
Property Management
10%
$224
CapEx
5%
$112
Vacancy
6%
$134
Maintenance
5%
$112
Other
0%
$0