This property looks like a bad Airbnb investment with a projected -14.77% first-year return on $110k initial cash invested.
-14.77%
Cash On Cash
3.38%
Cap Rate
0.51
DSCR
$3,646
Rent
-$1,350
Cashflow
Cash Flow
$3,646 income − $4,996 expenses = $1,350 out of pocket
Investment Breakdown
|
Purchase Price
$437k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$110k
Downpayment
20%
$87,300
Closing costs
1%
$4,365
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,646
Total Expenses
$4,996
Mortgage P&I
67%
$2,433
Property Taxes
18%
$663
Home Insurance
4%
$149
HOA
0%
$0
Property Management
15%
$547
CapEx
4%
$146
Vacancy
0%
$0
Maintenance
4%
$146
Other
25%
$912