This property looks like a bad Airbnb investment with a projected -17.69% first-year return on $110k initial cash invested.
-17.69%
Cash On Cash
2.49%
Cap Rate
0.37
DSCR
$2,442
Rent
-$1,623
Cashflow
Cash Flow
$2,442 income − $4,065 expenses = $1,623 out of pocket
Investment Breakdown
|
Purchase Price
$439k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$110k
Downpayment
20%
$87,740
Closing costs
1%
$4,387
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$2,442
Total Expenses
$4,065
Mortgage P&I
100%
$2,435
Property Taxes
12%
$302
Home Insurance
6%
$156
HOA
0%
$0
Property Management
15%
$366
CapEx
4%
$98
Vacancy
0%
$0
Maintenance
4%
$98
Other
25%
$610