This property looks like a bad Airbnb investment with a projected -18.16% first-year return on $111k initial cash invested.
-18.16%
Cash On Cash
1.83%
Cap Rate
0.3
DSCR
$2,262
Rent
-$1,674
Cashflow
Cash Flow
$2,262 income − $3,936 expenses = $1,674 out of pocket
Investment Breakdown
|
Purchase Price
$441k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$111k
Downpayment
20%
$88,200
Closing costs
1%
$4,410
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$2,262
Total Expenses
$3,936
Mortgage P&I
100%
$2,256
Property Taxes
17%
$382
Home Insurance
7%
$158
HOA
2%
$55
Property Management
15%
$339
CapEx
4%
$90
Vacancy
0%
$0
Maintenance
4%
$90
Other
25%
$566