This property looks like a bad Airbnb investment with a projected -15.53% first-year return on $110k initial cash invested.
-15.53%
Cash On Cash
3%
Cap Rate
0.46
DSCR
$2,927
Rent
-$1,417
Cashflow
Cash Flow
$2,927 income − $4,344 expenses = $1,417 out of pocket
Investment Breakdown
|
Purchase Price
$436k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$110k
Downpayment
20%
$87,160
Closing costs
1%
$4,358
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$2,927
Total Expenses
$4,344
Mortgage P&I
82%
$2,389
Property Taxes
13%
$389
Home Insurance
6%
$161
HOA
0%
$0
Property Management
15%
$439
CapEx
4%
$117
Vacancy
0%
$0
Maintenance
4%
$117
Other
25%
$732