This property looks like a bad Airbnb investment with a projected -9.83% first-year return on $111k initial cash invested.
-9.83%
Cash On Cash
4.07%
Cap Rate
0.66
DSCR
$3,548
Rent
-$913
Cashflow
Cash Flow
$3,548 income − $4,461 expenses = $913 out of pocket
Investment Breakdown
|
Purchase Price
$445k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$111k
Downpayment
20%
$88,960
Closing costs
1%
$4,448
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,548
Total Expenses
$4,461
Mortgage P&I
64%
$2,278
Property Taxes
9%
$322
Home Insurance
4%
$158
HOA
0%
$0
Property Management
15%
$532
CapEx
4%
$142
Vacancy
0%
$0
Maintenance
4%
$142
Other
25%
$887