This property looks like a bad Airbnb investment with a projected -17.62% first-year return on $113k initial cash invested.
-17.62%
Cash On Cash
2.32%
Cap Rate
0.36
DSCR
$2,380
Rent
-$1,656
Cashflow
Cash Flow
$2,380 income − $4,036 expenses = $1,656 out of pocket
Investment Breakdown
|
Purchase Price
$451k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$113k
Downpayment
20%
$90,280
Closing costs
1%
$4,514
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$2,380
Total Expenses
$4,036
Mortgage P&I
102%
$2,433
Property Taxes
12%
$295
Home Insurance
7%
$166
HOA
0%
$0
Property Management
15%
$357
CapEx
4%
$95
Vacancy
0%
$0
Maintenance
4%
$95
Other
25%
$595