This property looks like a bad Airbnb investment with a projected -16.07% first-year return on $110k initial cash invested.
-16.07%
Cash On Cash
2.41%
Cap Rate
0.39
DSCR
$2,212
Rent
-$1,475
Cashflow
Cash Flow
$2,212 income − $3,687 expenses = $1,475 out of pocket
Investment Breakdown
|
Purchase Price
$439k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$110k
Downpayment
20%
$87,760
Closing costs
1%
$4,388
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$2,212
Total Expenses
$3,687
Mortgage P&I
103%
$2,268
Property Taxes
9%
$204
Home Insurance
7%
$154
HOA
0%
$0
Property Management
15%
$332
CapEx
4%
$88
Vacancy
0%
$0
Maintenance
4%
$88
Other
25%
$553