This property looks like a bad Airbnb investment with a projected -22.47% first-year return on $113k initial cash invested.
-22.47%
Cash On Cash
1.05%
Cap Rate
0.16
DSCR
$1,750
Rent
-$2,119
Cashflow
Cash Flow
$1,750 income − $3,869 expenses = $2,119 out of pocket
Investment Breakdown
|
Purchase Price
$453k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$113k
Downpayment
20%
$90,620
Closing costs
1%
$4,531
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$1,750
Total Expenses
$3,869
Mortgage P&I
140%
$2,447
Property Taxes
24%
$424
Home Insurance
9%
$158
HOA
0%
$0
Property Management
15%
$262
CapEx
4%
$70
Vacancy
0%
$0
Maintenance
4%
$70
Other
25%
$438