This property looks like a bad Airbnb investment with a projected -24.5% first-year return on $112k initial cash invested.
-24.5%
Cash On Cash
0.78%
Cap Rate
0.12
DSCR
$1,493
Rent
-$2,296
Cashflow
Cash Flow
$1,493 income − $3,789 expenses = $2,296 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%
$89,980
Closing costs
1%
$4,499
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$1,493
Total Expenses
$3,789
Mortgage P&I
169%
$2,529
Property Taxes
26%
$385
Home Insurance
11%
$158
HOA
0%
$0
Property Management
15%
$224
CapEx
4%
$60
Vacancy
0%
$0
Maintenance
4%
$60
Other
25%
$373