This property looks like a bad Airbnb investment with a projected -18.73% first-year return on $110k initial cash invested.
-18.73%
Cash On Cash
1.84%
Cap Rate
0.3
DSCR
$3,110
Rent
-$1,723
Cashflow
Cash Flow
$3,110 income − $4,833 expenses = $1,723 out of pocket
Investment Breakdown
|
Purchase Price
$440k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$110k
Downpayment
20%
$87,998
Closing costs
1%
$4,400
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,110
Total Expenses
$4,833
Mortgage P&I
73%
$2,272
Property Taxes
27%
$840
Home Insurance
5%
$154
HOA
2%
$75
Property Management
15%
$466
CapEx
4%
$124
Vacancy
0%
$0
Maintenance
4%
$124
Other
25%
$778