This property looks like a bad Airbnb investment with a projected -20.86% first-year return on $112k initial cash invested.
-20.86%
Cash On Cash
1.6%
Cap Rate
0.24
DSCR
$2,100
Rent
-$1,955
Cashflow
Cash Flow
$2,100 income − $4,055 expenses = $1,955 out of pocket
Investment Breakdown
|
Purchase Price
$450k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$112k
Downpayment
20%
$89,980
Closing costs
1%
$4,499
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$2,100
Total Expenses
$4,055
Mortgage P&I
118%
$2,469
Property Taxes
20%
$420
Home Insurance
8%
$158
HOA
0%
$0
Property Management
15%
$315
CapEx
4%
$84
Vacancy
0%
$0
Maintenance
4%
$84
Other
25%
$525