This property looks like a bad Airbnb investment with a projected -16.86% first-year return on $112k initial cash invested.
-16.86%
Cash On Cash
2.22%
Cap Rate
0.36
DSCR
$1,926
Rent
-$1,575
Cashflow
Cash Flow
$1,926 income − $3,501 expenses = $1,575 out of pocket
Investment Breakdown
|
Purchase Price
$448k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$112k
Downpayment
20%
$89,620
Closing costs
1%
$4,481
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$1,926
Total Expenses
$3,501
Mortgage P&I
121%
$2,327
Property Taxes
4%
$86
Home Insurance
8%
$163
HOA
0%
$0
Property Management
15%
$289
CapEx
4%
$77
Vacancy
0%
$0
Maintenance
4%
$77
Other
25%
$482