This property looks like a bad Airbnb investment with a projected -15.46% first-year return on $110k initial cash invested.
-15.46%
Cash On Cash
2.51%
Cap Rate
0.41
DSCR
$2,977
Rent
-$1,416
Cashflow
Cash Flow
$2,977 income − $4,393 expenses = $1,416 out of pocket
Investment Breakdown
|
Purchase Price
$438k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$110k
Downpayment
20%
$87,540
Closing costs
1%
$4,377
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$2,977
Total Expenses
$4,393
Mortgage P&I
74%
$2,213
Property Taxes
19%
$572
Home Insurance
6%
$179
HOA
0%
$0
Property Management
15%
$447
CapEx
4%
$119
Vacancy
0%
$0
Maintenance
4%
$119
Other
25%
$744