This property looks like a bad Airbnb investment with a projected -11.21% first-year return on $112k initial cash invested.
-11.21%
Cash On Cash
3.74%
Cap Rate
0.61
DSCR
$3,543
Rent
-$1,050
Cashflow
Cash Flow
$3,543 income − $4,593 expenses = $1,050 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
$3,543
Total Expenses
$4,593
Mortgage P&I
65%
$2,310
Property Taxes
12%
$424
Home Insurance
4%
$158
HOA
0%
$0
Property Management
15%
$531
CapEx
4%
$142
Vacancy
0%
$0
Maintenance
4%
$142
Other
25%
$886