This property looks like a bad Airbnb investment with a projected -11.69% first-year return on $112k initial cash invested.
-11.69%
Cash On Cash
4.05%
Cap Rate
0.61
DSCR
$3,272
Rent
-$1,096
Cashflow
Cash Flow
$3,272 income − $4,368 expenses = $1,096 out of pocket
Investment Breakdown
|
Purchase Price
$450k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$112k
Downpayment
20%
$89,980
Closing costs
1%
$4,499
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,272
Total Expenses
$4,368
Mortgage P&I
76%
$2,483
Property Taxes
5%
$156
Home Insurance
5%
$158
HOA
0%
$0
Property Management
15%
$491
CapEx
4%
$131
Vacancy
0%
$0
Maintenance
4%
$131
Other
25%
$818