This property looks like a bad Airbnb investment with a projected -17.36% first-year return on $110k initial cash invested.
-17.36%
Cash On Cash
2.01%
Cap Rate
0.33
DSCR
$2,303
Rent
-$1,589
Cashflow
Cash Flow
$2,303 income − $3,892 expenses = $1,589 out of pocket
Investment Breakdown
|
Purchase Price
$437k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$110k
Downpayment
20%
$87,440
Closing costs
1%
$4,372
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$2,303
Total Expenses
$3,892
Mortgage P&I
97%
$2,231
Property Taxes
17%
$396
Home Insurance
7%
$160
HOA
0%
$0
Property Management
15%
$345
CapEx
4%
$92
Vacancy
0%
$0
Maintenance
4%
$92
Other
25%
$576