This property looks like a bad Airbnb investment with a projected -20.87% first-year return on $111k initial cash invested.
-20.87%
Cash On Cash
1.71%
Cap Rate
0.26
DSCR
$2,722
Rent
-$1,924
Cashflow
Cash Flow
$2,722 income − $4,646 expenses = $1,924 out of pocket
Investment Breakdown
|
Purchase Price
$441k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$111k
Downpayment
20%
$88,220
Closing costs
1%
$4,411
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$2,722
Total Expenses
$4,646
Mortgage P&I
90%
$2,442
Property Taxes
27%
$740
Home Insurance
6%
$158
HOA
0%
$0
Property Management
15%
$408
CapEx
4%
$109
Vacancy
0%
$0
Maintenance
4%
$109
Other
25%
$680