This property might be a fair Mid-Term investment with a projected 4.4% first-year return on $110k initial cash invested.
4.4%
Cash On Cash
8.33%
Cap Rate
1.25
DSCR
$4,995
Rent
$405
Cashflow
Cash Flow
$4,995 income − $4,590 expenses = $405 cash flow
Investment Breakdown
|
Purchase Price
$440k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$110k
Downpayment
20%
$88,000
Closing costs
1%
$4,400
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$4,995
Total Expenses
$4,590
Mortgage P&I
49%
$2,451
Property Taxes
6%
$287
Home Insurance
3%
$154
HOA
0%
$0
Property Management
12%
$599
CapEx
4%
$200
Vacancy
3%
$150
Maintenance
4%
$200
Other
11%
$549