This property looks like a bad Airbnb investment with a projected -12.14% first-year return on $112k initial cash invested.
-12.14%
Cash On Cash
4.03%
Cap Rate
0.6
DSCR
$3,744
Rent
-$1,137
Cashflow
Cash Flow
$3,744 income − $4,881 expenses = $1,137 out of pocket
Investment Breakdown
|
Purchase Price
$450k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$112k
Downpayment
20%
$89,900
Closing costs
1%
$4,495
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,744
Total Expenses
$4,881
Mortgage P&I
67%
$2,496
Property Taxes
12%
$440
Home Insurance
4%
$147
HOA
0%
$0
Property Management
15%
$562
CapEx
4%
$150
Vacancy
0%
$0
Maintenance
4%
$150
Other
25%
$936