This property looks like a bad Airbnb investment with a projected -14.1% first-year return on $111k initial cash invested.
-14.1%
Cash On Cash
3.28%
Cap Rate
0.5
DSCR
$2,470
Rent
-$1,308
Cashflow
Cash Flow
$2,470 income − $3,778 expenses = $1,308 out of pocket
Investment Breakdown
|
Purchase Price
$444k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$111k
Downpayment
20%
$88,860
Closing costs
1%
$4,443
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$2,470
Total Expenses
$3,778
Mortgage P&I
98%
$2,425
Property Taxes
0%
$3
Home Insurance
7%
$164
HOA
0%
$0
Property Management
15%
$370
CapEx
4%
$99
Vacancy
0%
$0
Maintenance
4%
$99
Other
25%
$618