This property looks like a bad Airbnb investment with a projected -2.96% first-year return on $110k initial cash invested.
-2.96%
Cash On Cash
6.01%
Cap Rate
0.96
DSCR
$4,780
Rent
-$271
Cashflow
Cash Flow
$4,780 income − $5,051 expenses = $271 out of pocket
Investment Breakdown
|
Purchase Price
$438k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$110k
Downpayment
20%
$87,580
Closing costs
1%
$4,379
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$4,780
Total Expenses
$5,051
Mortgage P&I
48%
$2,274
Property Taxes
7%
$319
Home Insurance
3%
$154
HOA
0%
$10
Property Management
15%
$717
CapEx
4%
$191
Vacancy
0%
$0
Maintenance
4%
$191
Other
25%
$1,195