This property looks like a bad Airbnb investment with a projected -12.08% first-year return on $113k initial cash invested.
-12.08%
Cash On Cash
3.46%
Cap Rate
0.57
DSCR
$3,322
Rent
-$1,138
Cashflow
Cash Flow
$3,322 income − $4,460 expenses = $1,138 out of pocket
Investment Breakdown
|
Purchase Price
$453k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$113k
Downpayment
20%
$90,560
Closing costs
1%
$4,528
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,322
Total Expenses
$4,460
Mortgage P&I
70%
$2,311
Property Taxes
12%
$389
Home Insurance
5%
$166
HOA
0%
$0
Property Management
15%
$498
CapEx
4%
$133
Vacancy
0%
$0
Maintenance
4%
$133
Other
25%
$830