This property looks like a bad Airbnb investment with a projected -17.95% first-year return on $113k initial cash invested.
-17.95%
Cash On Cash
1.92%
Cap Rate
0.31
DSCR
$2,042
Rent
-$1,696
Cashflow
Cash Flow
$2,042 income − $3,738 expenses = $1,696 out of pocket
Investment Breakdown
|
Purchase Price
$454k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$113k
Downpayment
20%
$90,820
Closing costs
1%
$4,541
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$2,042
Total Expenses
$3,738
Mortgage P&I
115%
$2,341
Property Taxes
13%
$260
Home Insurance
8%
$157
HOA
0%
$0
Property Management
15%
$306
CapEx
4%
$82
Vacancy
0%
$0
Maintenance
4%
$82
Other
25%
$510