This property looks like a bad Airbnb investment with a projected -18.31% first-year return on $111k initial cash invested.
-18.31%
Cash On Cash
2.27%
Cap Rate
0.34
DSCR
$1,833
Rent
-$1,701
Cashflow
Cash Flow
$1,833 income − $3,534 expenses = $1,701 out of pocket
Investment Breakdown
|
Purchase Price
$445k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$111k
Downpayment
20%
$89,000
Closing costs
1%
$4,450
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$1,833
Total Expenses
$3,534
Mortgage P&I
135%
$2,471
Property Taxes
2%
$28
Home Insurance
9%
$156
HOA
0%
$0
Property Management
15%
$275
CapEx
4%
$73
Vacancy
0%
$0
Maintenance
4%
$73
Other
25%
$458