This property looks like a bad Airbnb investment with a projected -20.15% first-year return on $113k initial cash invested.
-20.15%
Cash On Cash
1.43%
Cap Rate
0.23
DSCR
$2,291
Rent
-$1,890
Cashflow
Cash Flow
$2,291 income − $4,181 expenses = $1,890 out of pocket
Investment Breakdown
|
Purchase Price
$450k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$113k
Downpayment
20%
$90,060
Closing costs
1%
$4,503
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$2,291
Total Expenses
$4,181
Mortgage P&I
102%
$2,334
Property Taxes
26%
$591
Home Insurance
7%
$155
HOA
0%
$0
Property Management
15%
$344
CapEx
4%
$92
Vacancy
0%
$0
Maintenance
4%
$92
Other
25%
$573