This property looks like a bad Airbnb investment with a projected -20.01% first-year return on $113k initial cash invested.
-20.01%
Cash On Cash
1.48%
Cap Rate
0.24
DSCR
$2,274
Rent
-$1,876
Cashflow
Cash Flow
$2,274 income − $4,150 expenses = $1,876 out of pocket
Investment Breakdown
|
Purchase Price
$450k
Downpayment
20.0%
Interest Rate
6.8%
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
$2,274
Total Expenses
$4,150
Mortgage P&I
103%
$2,340
Property Taxes
25%
$561
Home Insurance
7%
$158
HOA
0%
$0
Property Management
15%
$341
CapEx
4%
$91
Vacancy
0%
$0
Maintenance
4%
$91
Other
25%
$568