This property looks like a bad Airbnb investment with a projected -13.46% first-year return on $113k initial cash invested.
-13.46%
Cash On Cash
3.11%
Cap Rate
0.5
DSCR
$2,487
Rent
-$1,262
Cashflow
Cash Flow
$2,487 income − $3,749 expenses = $1,262 out of pocket
Investment Breakdown
|
Purchase Price
$450k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$113k
Downpayment
20%
$90,000
Closing costs
1%
$4,500
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$2,487
Total Expenses
$3,749
Mortgage P&I
94%
$2,330
Property Taxes
3%
$68
Home Insurance
6%
$158
HOA
0%
$0
Property Management
15%
$373
CapEx
4%
$99
Vacancy
0%
$0
Maintenance
4%
$99
Other
25%
$622