This property looks like a bad Airbnb investment with a projected -10.9% first-year return on $110k initial cash invested.
-10.9%
Cash On Cash
3.91%
Cap Rate
0.62
DSCR
$3,130
Rent
-$1,001
Cashflow
Cash Flow
$3,130 income − $4,131 expenses = $1,001 out of pocket
Investment Breakdown
|
Purchase Price
$439k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$110k
Downpayment
20%
$87,840
Closing costs
1%
$4,392
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,130
Total Expenses
$4,131
Mortgage P&I
74%
$2,308
Property Taxes
5%
$163
Home Insurance
5%
$158
HOA
0%
$0
Property Management
15%
$470
CapEx
4%
$125
Vacancy
0%
$0
Maintenance
4%
$125
Other
25%
$782