This property looks like a bad Airbnb investment with a projected -16.91% first-year return on $113k initial cash invested.
-16.91%
Cash On Cash
2.39%
Cap Rate
0.38
DSCR
$2,385
Rent
-$1,585
Cashflow
Cash Flow
$2,385 income − $3,970 expenses = $1,585 out of pocket
Investment Breakdown
|
Purchase Price
$450k
Downpayment
20.0%
Interest Rate
7.0%
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
$2,385
Total Expenses
$3,970
Mortgage P&I
100%
$2,385
Property Taxes
12%
$283
Home Insurance
7%
$158
HOA
0%
$0
Property Management
15%
$358
CapEx
4%
$95
Vacancy
0%
$0
Maintenance
4%
$95
Other
25%
$596