This property looks like a bad Airbnb investment with a projected -12.37% first-year return on $110k initial cash invested.
-12.37%
Cash On Cash
4.02%
Cap Rate
0.59
DSCR
$3,180
Rent
-$1,138
Cashflow
Cash Flow
$3,180 income − $4,318 expenses = $1,138 out of pocket
Investment Breakdown
|
Purchase Price
$440k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$110k
Downpayment
20%
$88,000
Closing costs
1%
$4,400
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,180
Total Expenses
$4,318
Mortgage P&I
78%
$2,485
Property Taxes
5%
$153
Home Insurance
5%
$154
HOA
0%
$0
Property Management
15%
$477
CapEx
4%
$127
Vacancy
0%
$0
Maintenance
4%
$127
Other
25%
$795