This property looks like a bad Airbnb investment with a projected -11.9% first-year return on $110k initial cash invested.
-11.9%
Cash On Cash
3.46%
Cap Rate
0.57
DSCR
$3,012
Rent
-$1,095
Cashflow
Cash Flow
$3,012 income − $4,107 expenses = $1,095 out of pocket
Investment Breakdown
|
Purchase Price
$440k
Downpayment
20.0%
Interest Rate
6.6%
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
$3,012
Total Expenses
$4,107
Mortgage P&I
75%
$2,245
Property Taxes
9%
$263
Home Insurance
5%
$154
HOA
0%
$0
Property Management
15%
$452
CapEx
4%
$120
Vacancy
0%
$0
Maintenance
4%
$120
Other
25%
$753