This property looks like a bad Airbnb investment with a projected -18.07% first-year return on $110k initial cash invested.
-18.07%
Cash On Cash
2.34%
Cap Rate
0.35
DSCR
$2,596
Rent
-$1,660
Cashflow
Cash Flow
$2,596 income − $4,256 expenses = $1,660 out of pocket
Investment Breakdown
|
Purchase Price
$439k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$110k
Downpayment
20%
$87,860
Closing costs
1%
$4,393
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$2,596
Total Expenses
$4,256
Mortgage P&I
93%
$2,412
Property Taxes
17%
$444
Home Insurance
6%
$154
HOA
0%
$0
Property Management
15%
$389
CapEx
4%
$104
Vacancy
0%
$0
Maintenance
4%
$104
Other
25%
$649