This property looks like a bad Airbnb investment with a projected -15.97% first-year return on $113k initial cash invested.
-15.97%
Cash On Cash
2.56%
Cap Rate
0.41
DSCR
$2,813
Rent
-$1,509
Cashflow
Cash Flow
$2,813 income − $4,322 expenses = $1,509 out of pocket
Investment Breakdown
|
Purchase Price
$454k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$113k
Downpayment
20%
$90,860
Closing costs
1%
$4,543
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$2,813
Total Expenses
$4,322
Mortgage P&I
84%
$2,364
Property Taxes
16%
$443
Home Insurance
6%
$164
HOA
0%
$0
Property Management
15%
$422
CapEx
4%
$113
Vacancy
0%
$0
Maintenance
4%
$113
Other
25%
$703