This property looks like a bad Airbnb investment with a projected -15.68% first-year return on $110k initial cash invested.
-15.68%
Cash On Cash
2.99%
Cap Rate
0.45
DSCR
$3,074
Rent
-$1,443
Cashflow
Cash Flow
$3,074 income − $4,517 expenses = $1,443 out of pocket
Investment Breakdown
|
Purchase Price
$440k
Downpayment
20.0%
Interest Rate
7.3%
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
$3,074
Total Expenses
$4,517
Mortgage P&I
79%
$2,416
Property Taxes
15%
$472
Home Insurance
5%
$154
HOA
0%
$0
Property Management
15%
$461
CapEx
4%
$123
Vacancy
0%
$0
Maintenance
4%
$123
Other
25%
$768