This property looks like a bad Airbnb investment with a projected -9.83% first-year return on $110k initial cash invested.
-9.83%
Cash On Cash
4.49%
Cap Rate
0.68
DSCR
$3,534
Rent
-$904
Cashflow
Cash Flow
$3,534 income − $4,438 expenses = $904 out of pocket
Investment Breakdown
|
Purchase Price
$440k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$110k
Downpayment
20%
$87,980
Closing costs
1%
$4,399
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,534
Total Expenses
$4,438
Mortgage P&I
68%
$2,408
Property Taxes
5%
$180
Home Insurance
4%
$154
HOA
0%
$0
Property Management
15%
$530
CapEx
4%
$141
Vacancy
0%
$0
Maintenance
4%
$141
Other
25%
$884