This property looks like a bad Airbnb investment with a projected -9.35% first-year return on $113k initial cash invested.
-9.35%
Cash On Cash
4.62%
Cap Rate
0.7
DSCR
$3,792
Rent
-$877
Cashflow
Cash Flow
$3,792 income − $4,669 expenses = $877 out of pocket
Investment Breakdown
|
Purchase Price
$450k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$113k
Downpayment
20%
$90,000
Closing costs
1%
$4,500
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,792
Total Expenses
$4,669
Mortgage P&I
65%
$2,456
Property Taxes
5%
$206
Home Insurance
4%
$163
HOA
1%
$23
Property Management
15%
$569
CapEx
4%
$152
Vacancy
0%
$0
Maintenance
4%
$152
Other
25%
$948