This property looks like a bad Airbnb investment with a projected -11.59% first-year return on $111k initial cash invested.
-11.59%
Cash On Cash
3.43%
Cap Rate
0.57
DSCR
$2,966
Rent
-$1,074
Cashflow
Cash Flow
$2,966 income − $4,040 expenses = $1,074 out of pocket
Investment Breakdown
|
Purchase Price
$444k
Downpayment
20.0%
Interest Rate
6.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$111k
Downpayment
20%
$88,720
Closing costs
1%
$4,436
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$2,966
Total Expenses
$4,040
Mortgage P&I
75%
$2,222
Property Taxes
8%
$235
Home Insurance
5%
$158
HOA
0%
$0
Property Management
15%
$445
CapEx
4%
$119
Vacancy
0%
$0
Maintenance
4%
$119
Other
25%
$742