This property looks like a bad Airbnb investment with a projected -12.67% first-year return on $110k initial cash invested.
-12.67%
Cash On Cash
3.71%
Cap Rate
0.57
DSCR
$3,462
Rent
-$1,164
Cashflow
Cash Flow
$3,462 income − $4,626 expenses = $1,164 out of pocket
Investment Breakdown
|
Purchase Price
$439k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$110k
Downpayment
20%
$87,880
Closing costs
1%
$4,394
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,462
Total Expenses
$4,626
Mortgage P&I
69%
$2,383
Property Taxes
12%
$428
Home Insurance
4%
$154
HOA
0%
$0
Property Management
15%
$519
CapEx
4%
$138
Vacancy
0%
$0
Maintenance
4%
$138
Other
25%
$866