This property looks like a bad Airbnb investment with a projected -9.32% first-year return on $112k initial cash invested.
-9.32%
Cash On Cash
4.29%
Cap Rate
0.69
DSCR
$3,659
Rent
-$874
Cashflow
Cash Flow
$3,659 income − $4,533 expenses = $874 out of pocket
Investment Breakdown
|
Purchase Price
$450k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$112k
Downpayment
20%
$89,980
Closing costs
1%
$4,499
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,659
Total Expenses
$4,533
Mortgage P&I
64%
$2,336
Property Taxes
8%
$283
Home Insurance
4%
$158
HOA
0%
$0
Property Management
15%
$549
CapEx
4%
$146
Vacancy
0%
$0
Maintenance
4%
$146
Other
25%
$915