This property looks like a bad Airbnb investment with a projected -17.2% first-year return on $112k initial cash invested.
-17.2%
Cash On Cash
2.72%
Cap Rate
0.4
DSCR
$2,889
Rent
-$1,611
Cashflow
Cash Flow
$2,889 income − $4,500 expenses = $1,611 out of pocket
Investment Breakdown
|
Purchase Price
$450k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$112k
Downpayment
20%
$89,900
Closing costs
1%
$4,495
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$2,889
Total Expenses
$4,500
Mortgage P&I
87%
$2,512
Property Taxes
15%
$444
Home Insurance
5%
$157
HOA
0%
$0
Property Management
15%
$433
CapEx
4%
$116
Vacancy
0%
$0
Maintenance
4%
$116
Other
25%
$722