This property looks like a bad Airbnb investment with a projected -12.67% first-year return on $110k initial cash invested.
-12.67%
Cash On Cash
3.21%
Cap Rate
0.53
DSCR
$2,861
Rent
-$1,166
Cashflow
Cash Flow
$2,861 income − $4,027 expenses = $1,166 out of pocket
Investment Breakdown
|
Purchase Price
$440k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$110k
Downpayment
20%
$88,020
Closing costs
1%
$4,401
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$2,861
Total Expenses
$4,027
Mortgage P&I
78%
$2,231
Property Taxes
8%
$226
Home Insurance
5%
$156
HOA
1%
$42
Property Management
15%
$429
CapEx
4%
$114
Vacancy
0%
$0
Maintenance
4%
$114
Other
25%
$715