This property looks like a bad Airbnb investment with a projected -18.45% first-year return on $110k initial cash invested.
-18.45%
Cash On Cash
2.19%
Cap Rate
0.33
DSCR
$2,201
Rent
-$1,698
Cashflow
Cash Flow
$2,201 income − $3,899 expenses = $1,698 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%
$88,020
Closing costs
1%
$4,401
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$2,201
Total Expenses
$3,899
Mortgage P&I
110%
$2,413
Property Taxes
12%
$272
Home Insurance
7%
$158
HOA
0%
$0
Property Management
15%
$330
CapEx
4%
$88
Vacancy
0%
$0
Maintenance
4%
$88
Other
25%
$550