This property looks like a bad Airbnb investment with a projected -14.94% first-year return on $110k initial cash invested.
-14.94%
Cash On Cash
3.07%
Cap Rate
0.47
DSCR
$3,044
Rent
-$1,374
Cashflow
Cash Flow
$3,044 income − $4,418 expenses = $1,374 out of pocket
Investment Breakdown
|
Purchase Price
$440k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$110k
Downpayment
20%
$87,960
Closing costs
1%
$4,398
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,044
Total Expenses
$4,418
Mortgage P&I
78%
$2,378
Property Taxes
14%
$420
Home Insurance
5%
$158
HOA
0%
$0
Property Management
15%
$457
CapEx
4%
$122
Vacancy
0%
$0
Maintenance
4%
$122
Other
25%
$761