This property looks like a bad Airbnb investment with a projected -14.38% first-year return on $110k initial cash invested.
-14.38%
Cash On Cash
3.32%
Cap Rate
0.5
DSCR
$3,183
Rent
-$1,320
Cashflow
Cash Flow
$3,183 income − $4,503 expenses = $1,320 out of pocket
Investment Breakdown
|
Purchase Price
$439k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$110k
Downpayment
20%
$87,800
Closing costs
1%
$4,390
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,183
Total Expenses
$4,503
Mortgage P&I
76%
$2,409
Property Taxes
13%
$413
Home Insurance
5%
$154
HOA
0%
$0
Property Management
15%
$477
CapEx
4%
$127
Vacancy
0%
$0
Maintenance
4%
$127
Other
25%
$796