This property looks like a bad Airbnb investment with a projected -19.8% first-year return on $113k initial cash invested.
-19.8%
Cash On Cash
2.04%
Cap Rate
0.31
DSCR
$3,206
Rent
-$1,859
Cashflow
Cash Flow
$3,206 income − $5,065 expenses = $1,859 out of pocket
Investment Breakdown
|
Purchase Price
$451k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$113k
Downpayment
20%
$90,180
Closing costs
1%
$4,509
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,206
Total Expenses
$5,065
Mortgage P&I
78%
$2,496
Property Taxes
6%
$205
Home Insurance
5%
$161
HOA
21%
$664
Property Management
15%
$481
CapEx
4%
$128
Vacancy
0%
$0
Maintenance
4%
$128
Other
25%
$802