This property looks like a bad Airbnb investment with a projected -17.05% first-year return on $111k initial cash invested.
-17.05%
Cash On Cash
2.26%
Cap Rate
0.36
DSCR
$2,553
Rent
-$1,577
Cashflow
Cash Flow
$2,553 income − $4,130 expenses = $1,577 out of pocket
Investment Breakdown
|
Purchase Price
$443k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$111k
Downpayment
20%
$88,580
Closing costs
1%
$4,429
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$2,553
Total Expenses
$4,130
Mortgage P&I
90%
$2,310
Property Taxes
17%
$437
Home Insurance
6%
$158
HOA
0%
$0
Property Management
15%
$383
CapEx
4%
$102
Vacancy
0%
$0
Maintenance
4%
$102
Other
25%
$638