This property looks like a bad Airbnb investment with a projected -12.51% first-year return on $113k initial cash invested.
-12.51%
Cash On Cash
3.3%
Cap Rate
0.54
DSCR
$2,987
Rent
-$1,177
Cashflow
Cash Flow
$2,987 income − $4,164 expenses = $1,177 out of pocket
Investment Breakdown
|
Purchase Price
$452k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$113k
Downpayment
20%
$90,400
Closing costs
1%
$4,520
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$2,987
Total Expenses
$4,164
Mortgage P&I
77%
$2,300
Property Taxes
8%
$239
Home Insurance
6%
$192
HOA
0%
$0
Property Management
15%
$448
CapEx
4%
$119
Vacancy
0%
$0
Maintenance
4%
$119
Other
25%
$747