This property looks like a bad Airbnb investment with a projected -14.12% first-year return on $110k initial cash invested.
-14.12%
Cash On Cash
3.42%
Cap Rate
0.52
DSCR
$3,404
Rent
-$1,297
Cashflow
Cash Flow
$3,404 income − $4,701 expenses = $1,297 out of pocket
Investment Breakdown
|
Purchase Price
$439k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$110k
Downpayment
20%
$87,820
Closing costs
1%
$4,391
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,404
Total Expenses
$4,701
Mortgage P&I
71%
$2,411
Property Taxes
15%
$498
Home Insurance
5%
$158
HOA
0%
$0
Property Management
15%
$511
CapEx
4%
$136
Vacancy
0%
$0
Maintenance
4%
$136
Other
25%
$851