This property looks like a bad Airbnb investment with a projected -13.98% first-year return on $113k initial cash invested.
-13.98%
Cash On Cash
3.02%
Cap Rate
0.49
DSCR
$3,391
Rent
-$1,311
Cashflow
Cash Flow
$3,391 income − $4,702 expenses = $1,311 out of pocket
Investment Breakdown
|
Purchase Price
$450k
Downpayment
20.0%
Interest Rate
6.6%
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
$3,391
Total Expenses
$4,702
Mortgage P&I
68%
$2,308
Property Taxes
18%
$607
Home Insurance
5%
$158
HOA
0%
$0
Property Management
15%
$509
CapEx
4%
$136
Vacancy
0%
$0
Maintenance
4%
$136
Other
25%
$848