This property looks like a bad Airbnb investment with a projected -14.83% first-year return on $111k initial cash invested.
-14.83%
Cash On Cash
2.69%
Cap Rate
0.44
DSCR
$2,418
Rent
-$1,371
Cashflow
Cash Flow
$2,418 income − $3,789 expenses = $1,371 out of pocket
Investment Breakdown
|
Purchase Price
$443k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$111k
Downpayment
20%
$88,540
Closing costs
1%
$4,427
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$2,418
Total Expenses
$3,789
Mortgage P&I
94%
$2,266
Property Taxes
8%
$182
Home Insurance
6%
$155
HOA
1%
$25
Property Management
15%
$363
CapEx
4%
$97
Vacancy
0%
$0
Maintenance
4%
$97
Other
25%
$604