This property looks like a bad Airbnb investment with a projected -15.45% first-year return on $110k initial cash invested.
-15.45%
Cash On Cash
2.59%
Cap Rate
0.42
DSCR
$2,833
Rent
-$1,419
Cashflow
Cash Flow
$2,833 income − $4,252 expenses = $1,419 out of pocket
Investment Breakdown
|
Purchase Price
$439k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$110k
Downpayment
20%
$87,800
Closing costs
1%
$4,390
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$2,833
Total Expenses
$4,252
Mortgage P&I
79%
$2,252
Property Taxes
17%
$487
Home Insurance
5%
$154
HOA
0%
$0
Property Management
15%
$425
CapEx
4%
$113
Vacancy
0%
$0
Maintenance
4%
$113
Other
25%
$708