This property looks like a bad Airbnb investment with a projected -19.74% first-year return on $111k initial cash invested.
-19.74%
Cash On Cash
1.93%
Cap Rate
0.29
DSCR
$2,754
Rent
-$1,831
Cashflow
Cash Flow
$2,754 income − $4,585 expenses = $1,831 out of pocket
Investment Breakdown
|
Purchase Price
$444k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$111k
Downpayment
20%
$88,860
Closing costs
1%
$4,443
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$2,754
Total Expenses
$4,585
Mortgage P&I
88%
$2,434
Property Taxes
24%
$672
Home Insurance
6%
$158
HOA
0%
$0
Property Management
15%
$413
CapEx
4%
$110
Vacancy
0%
$0
Maintenance
4%
$110
Other
25%
$688