This property looks like a bad Airbnb investment with a projected -13.04% first-year return on $112k initial cash invested.
-13.04%
Cash On Cash
3.37%
Cap Rate
0.54
DSCR
$3,102
Rent
-$1,212
Cashflow
Cash Flow
$3,102 income − $4,314 expenses = $1,212 out of pocket
Investment Breakdown
|
Purchase Price
$446k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$112k
Downpayment
20%
$89,120
Closing costs
1%
$4,456
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,102
Total Expenses
$4,314
Mortgage P&I
75%
$2,341
Property Taxes
11%
$328
Home Insurance
5%
$156
HOA
0%
$0
Property Management
15%
$465
CapEx
4%
$124
Vacancy
0%
$0
Maintenance
4%
$124
Other
25%
$776