This property looks like a bad Airbnb investment with a projected -18.34% first-year return on $113k initial cash invested.
-18.34%
Cash On Cash
2.19%
Cap Rate
0.34
DSCR
$2,327
Rent
-$1,722
Cashflow
Cash Flow
$2,327 income − $4,049 expenses = $1,722 out of pocket
Investment Breakdown
|
Purchase Price
$451k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$113k
Downpayment
20%
$90,180
Closing costs
1%
$4,509
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$2,327
Total Expenses
$4,049
Mortgage P&I
105%
$2,452
Property Taxes
14%
$322
Home Insurance
7%
$158
HOA
0%
$0
Property Management
15%
$349
CapEx
4%
$93
Vacancy
0%
$0
Maintenance
4%
$93
Other
25%
$582