This property looks like a bad Airbnb investment with a projected -11.3% first-year return on $110k initial cash invested.
-11.3%
Cash On Cash
3.64%
Cap Rate
0.59
DSCR
$3,168
Rent
-$1,036
Cashflow
Cash Flow
$3,168 income − $4,204 expenses = $1,036 out of pocket
Investment Breakdown
|
Purchase Price
$438k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$110k
Downpayment
20%
$87,680
Closing costs
1%
$4,384
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,168
Total Expenses
$4,204
Mortgage P&I
71%
$2,239
Property Taxes
9%
$288
Home Insurance
5%
$156
HOA
0%
$0
Property Management
15%
$475
CapEx
4%
$127
Vacancy
0%
$0
Maintenance
4%
$127
Other
25%
$792