This property looks like a bad Airbnb investment with a projected -25.09% first-year return on $113k initial cash invested.
-25.09%
Cash On Cash
0.44%
Cap Rate
0.07
DSCR
$2,203
Rent
-$2,369
Cashflow
Cash Flow
$2,203 income − $4,572 expenses = $2,369 out of pocket
Investment Breakdown
|
Purchase Price
$454k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$113k
Downpayment
20%
$90,780
Closing costs
1%
$4,539
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$2,203
Total Expenses
$4,572
Mortgage P&I
111%
$2,446
Property Taxes
41%
$910
Home Insurance
7%
$159
HOA
0%
$0
Property Management
15%
$330
CapEx
4%
$88
Vacancy
0%
$0
Maintenance
4%
$88
Other
25%
$551