This property looks like a bad Airbnb investment with a projected -17.05% first-year return on $113k initial cash invested.
-17.05%
Cash On Cash
2.11%
Cap Rate
0.34
DSCR
$1,957
Rent
-$1,606
Cashflow
Cash Flow
$1,957 income − $3,563 expenses = $1,606 out of pocket
Investment Breakdown
|
Purchase Price
$453k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$113k
Downpayment
20%
$90,500
Closing costs
1%
$4,525
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$1,957
Total Expenses
$3,563
Mortgage P&I
119%
$2,325
Property Taxes
6%
$127
Home Insurance
9%
$172
HOA
0%
$0
Property Management
15%
$294
CapEx
4%
$78
Vacancy
0%
$0
Maintenance
4%
$78
Other
25%
$489