This property looks like a bad Airbnb investment with a projected -14.97% first-year return on $113k initial cash invested.
-14.97%
Cash On Cash
2.72%
Cap Rate
0.44
DSCR
$2,913
Rent
-$1,403
Cashflow
Cash Flow
$2,913 income − $4,316 expenses = $1,403 out of pocket
Investment Breakdown
|
Purchase Price
$450k
Downpayment
20.0%
Interest Rate
6.6%
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
$2,913
Total Expenses
$4,316
Mortgage P&I
79%
$2,305
Property Taxes
16%
$454
Home Insurance
5%
$158
HOA
0%
$0
Property Management
15%
$437
CapEx
4%
$117
Vacancy
0%
$0
Maintenance
4%
$117
Other
25%
$728