This property looks like a bad Airbnb investment with a projected -22.56% first-year return on $110k initial cash invested.
-22.56%
Cash On Cash
0.93%
Cap Rate
0.15
DSCR
$1,647
Rent
-$2,075
Cashflow
Cash Flow
$1,647 income − $3,722 expenses = $2,075 out of pocket
Investment Breakdown
|
Purchase Price
$440k
Downpayment
20.0%
Interest Rate
7.0%
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
$1,647
Total Expenses
$3,722
Mortgage P&I
143%
$2,351
Property Taxes
26%
$426
Home Insurance
9%
$154
HOA
0%
$0
Property Management
15%
$247
CapEx
4%
$66
Vacancy
0%
$0
Maintenance
4%
$66
Other
25%
$412