This property looks like a bad Airbnb investment with a projected -16.87% first-year return on $111k initial cash invested.
-16.87%
Cash On Cash
2.22%
Cap Rate
0.36
DSCR
$2,605
Rent
-$1,560
Cashflow
Cash Flow
$2,605 income − $4,165 expenses = $1,560 out of pocket
Investment Breakdown
|
Purchase Price
$443k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$111k
Downpayment
20%
$88,520
Closing costs
1%
$4,426
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$2,605
Total Expenses
$4,165
Mortgage P&I
87%
$2,273
Property Taxes
17%
$445
Home Insurance
6%
$157
HOA
2%
$40
Property Management
15%
$391
CapEx
4%
$104
Vacancy
0%
$0
Maintenance
4%
$104
Other
25%
$651