This property looks like a bad Airbnb investment with a projected -24.94% first-year return on $111k initial cash invested.
-24.94%
Cash On Cash
0.32%
Cap Rate
0.05
DSCR
$1,518
Rent
-$2,310
Cashflow
Cash Flow
$1,518 income − $3,828 expenses = $2,310 out of pocket
Investment Breakdown
|
Purchase Price
$444k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$111k
Downpayment
20%
$88,720
Closing costs
1%
$4,436
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$1,518
Total Expenses
$3,828
Mortgage P&I
156%
$2,369
Property Taxes
38%
$571
Home Insurance
10%
$158
HOA
0%
$0
Property Management
15%
$228
CapEx
4%
$61
Vacancy
0%
$0
Maintenance
4%
$61
Other
25%
$380