This property looks like a bad Airbnb investment with a projected -13.97% first-year return on $112k initial cash invested.
-13.97%
Cash On Cash
3%
Cap Rate
0.49
DSCR
$3,044
Rent
-$1,308
Cashflow
Cash Flow
$3,044 income − $4,352 expenses = $1,308 out of pocket
Investment Breakdown
|
Purchase Price
$450k
Downpayment
20.0%
Interest Rate
6.7%
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
$3,044
Total Expenses
$4,352
Mortgage P&I
76%
$2,310
Property Taxes
14%
$423
Home Insurance
5%
$157
HOA
0%
$0
Property Management
15%
$457
CapEx
4%
$122
Vacancy
0%
$0
Maintenance
4%
$122
Other
25%
$761