This property looks like a bad Airbnb investment with a projected -9.65% first-year return on $110k initial cash invested.
-9.65%
Cash On Cash
4.06%
Cap Rate
0.66
DSCR
$3,305
Rent
-$888
Cashflow
Cash Flow
$3,305 income − $4,193 expenses = $888 out of pocket
Investment Breakdown
|
Purchase Price
$440k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$110k
Downpayment
20%
$88,060
Closing costs
1%
$4,403
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,305
Total Expenses
$4,193
Mortgage P&I
68%
$2,246
Property Taxes
6%
$203
Home Insurance
5%
$158
HOA
0%
$0
Property Management
15%
$496
CapEx
4%
$132
Vacancy
0%
$0
Maintenance
4%
$132
Other
25%
$826