This property looks like a bad Airbnb investment with a projected -18.54% first-year return on $113k initial cash invested.
-18.54%
Cash On Cash
1.78%
Cap Rate
0.29
DSCR
$2,264
Rent
-$1,739
Cashflow
Cash Flow
$2,264 income − $4,003 expenses = $1,739 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%
$90,080
Closing costs
1%
$4,504
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$2,264
Total Expenses
$4,003
Mortgage P&I
102%
$2,315
Property Taxes
20%
$442
Home Insurance
7%
$158
HOA
0%
$0
Property Management
15%
$340
CapEx
4%
$91
Vacancy
0%
$0
Maintenance
4%
$91
Other
25%
$566