This property looks like a bad Airbnb investment with a projected -9.85% first-year return on $110k initial cash invested.
-9.85%
Cash On Cash
4.41%
Cap Rate
0.68
DSCR
$3,671
Rent
-$906
Cashflow
Cash Flow
$3,671 income − $4,577 expenses = $906 out of pocket
Investment Breakdown
|
Purchase Price
$440k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$110k
Downpayment
20%
$88,000
Closing costs
1%
$4,400
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,671
Total Expenses
$4,577
Mortgage P&I
65%
$2,376
Property Taxes
7%
$246
Home Insurance
4%
$154
HOA
1%
$38
Property Management
15%
$551
CapEx
4%
$147
Vacancy
0%
$0
Maintenance
4%
$147
Other
25%
$918