This property looks like a bad Airbnb investment with a projected -9.51% first-year return on $110k initial cash invested.
-9.51%
Cash On Cash
4.05%
Cap Rate
0.67
DSCR
$3,341
Rent
-$873
Cashflow
Cash Flow
$3,341 income − $4,214 expenses = $873 out of pocket
Investment Breakdown
|
Purchase Price
$439k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$110k
Downpayment
20%
$87,800
Closing costs
1%
$4,390
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,341
Total Expenses
$4,214
Mortgage P&I
66%
$2,220
Property Taxes
7%
$236
Home Insurance
5%
$154
HOA
0%
$0
Property Management
15%
$501
CapEx
4%
$134
Vacancy
0%
$0
Maintenance
4%
$134
Other
25%
$835