This property looks like a bad Airbnb investment with a projected -18.58% first-year return on $111k initial cash invested.
-18.58%
Cash On Cash
2.12%
Cap Rate
0.32
DSCR
$1,900
Rent
-$1,719
Cashflow
Cash Flow
$1,900 income − $3,619 expenses = $1,719 out of pocket
Investment Breakdown
|
Purchase Price
$443k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$111k
Downpayment
20%
$88,580
Closing costs
1%
$4,429
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$1,900
Total Expenses
$3,619
Mortgage P&I
128%
$2,424
Property Taxes
7%
$126
Home Insurance
8%
$157
HOA
0%
$0
Property Management
15%
$285
CapEx
4%
$76
Vacancy
0%
$0
Maintenance
4%
$76
Other
25%
$475