This property looks like a bad Airbnb investment with a projected -25.78% first-year return on $113k initial cash invested.
-25.78%
Cash On Cash
0.19%
Cap Rate
0.03
DSCR
$1,219
Rent
-$2,417
Cashflow
Cash Flow
$1,219 income − $3,636 expenses = $2,417 out of pocket
Investment Breakdown
|
Purchase Price
$450k
Downpayment
20.0%
Interest Rate
7.2%
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
$1,219
Total Expenses
$3,636
Mortgage P&I
200%
$2,438
Property Taxes
37%
$454
Home Insurance
13%
$158
HOA
0%
$0
Property Management
15%
$183
CapEx
4%
$49
Vacancy
0%
$0
Maintenance
4%
$49
Other
25%
$305