This property looks like a bad Airbnb investment with a projected -16.23% first-year return on $111k initial cash invested.
-16.23%
Cash On Cash
2.36%
Cap Rate
0.39
DSCR
$2,832
Rent
-$1,503
Cashflow
Cash Flow
$2,832 income − $4,335 expenses = $1,503 out of pocket
Investment Breakdown
|
Purchase Price
$444k
Downpayment
20.0%
Interest Rate
6.6%
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
$2,832
Total Expenses
$4,335
Mortgage P&I
80%
$2,262
Property Taxes
18%
$522
Home Insurance
7%
$192
HOA
0%
$0
Property Management
15%
$425
CapEx
4%
$113
Vacancy
0%
$0
Maintenance
4%
$113
Other
25%
$708