This property looks like a bad Airbnb investment with a projected -18.48% first-year return on $110k initial cash invested.
-18.48%
Cash On Cash
2.23%
Cap Rate
0.34
DSCR
$2,385
Rent
-$1,694
Cashflow
Cash Flow
$2,385 income − $4,079 expenses = $1,694 out of pocket
Investment Breakdown
|
Purchase Price
$438k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$110k
Downpayment
20%
$87,640
Closing costs
1%
$4,382
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$2,385
Total Expenses
$4,079
Mortgage P&I
101%
$2,415
Property Taxes
15%
$366
Home Insurance
6%
$154
HOA
0%
$0
Property Management
15%
$358
CapEx
4%
$95
Vacancy
0%
$0
Maintenance
4%
$95
Other
25%
$596