This property looks like a bad Airbnb investment with a projected -16.96% first-year return on $111k initial cash invested.
-16.96%
Cash On Cash
2.58%
Cap Rate
0.39
DSCR
$2,516
Rent
-$1,567
Cashflow
Cash Flow
$2,516 income − $4,083 expenses = $1,567 out of pocket
Investment Breakdown
|
Purchase Price
$442k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$111k
Downpayment
20%
$88,420
Closing costs
1%
$4,421
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$2,516
Total Expenses
$4,083
Mortgage P&I
96%
$2,415
Property Taxes
12%
$294
Home Insurance
7%
$166
HOA
0%
$0
Property Management
15%
$377
CapEx
4%
$101
Vacancy
0%
$0
Maintenance
4%
$101
Other
25%
$629