This property looks like a bad Airbnb investment with a projected -13.39% first-year return on $110k initial cash invested.
-13.39%
Cash On Cash
3.47%
Cap Rate
0.54
DSCR
$3,219
Rent
-$1,228
Cashflow
Cash Flow
$3,219 income − $4,447 expenses = $1,228 out of pocket
Investment Breakdown
|
Purchase Price
$438k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$110k
Downpayment
20%
$87,660
Closing costs
1%
$4,383
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,219
Total Expenses
$4,447
Mortgage P&I
74%
$2,368
Property Taxes
12%
$381
Home Insurance
5%
$152
HOA
0%
$0
Property Management
15%
$483
CapEx
4%
$129
Vacancy
0%
$0
Maintenance
4%
$129
Other
25%
$805