This property looks like a bad Airbnb investment with a projected -5.34% first-year return on $110k initial cash invested.
-5.34%
Cash On Cash
5.3%
Cap Rate
0.86
DSCR
$4,468
Rent
-$491
Cashflow
Cash Flow
$4,468 income − $4,959 expenses = $491 out of pocket
Investment Breakdown
|
Purchase Price
$440k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$110k
Downpayment
20%
$87,980
Closing costs
1%
$4,399
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$4,468
Total Expenses
$4,959
Mortgage P&I
50%
$2,256
Property Taxes
9%
$404
Home Insurance
3%
$154
HOA
0%
$0
Property Management
15%
$670
CapEx
4%
$179
Vacancy
0%
$0
Maintenance
4%
$179
Other
25%
$1,117