This property looks like a bad Airbnb investment with a projected -16.8% first-year return on $110k initial cash invested.
-16.8%
Cash On Cash
2.72%
Cap Rate
0.41
DSCR
$2,732
Rent
-$1,534
Cashflow
Cash Flow
$2,732 income − $4,266 expenses = $1,534 out of pocket
Investment Breakdown
|
Purchase Price
$436k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$110k
Downpayment
20%
$87,240
Closing costs
1%
$4,362
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$2,732
Total Expenses
$4,266
Mortgage P&I
88%
$2,415
Property Taxes
14%
$382
Home Insurance
6%
$158
HOA
0%
$0
Property Management
15%
$410
CapEx
4%
$109
Vacancy
0%
$0
Maintenance
4%
$109
Other
25%
$683