This property looks like a bad Airbnb investment with a projected -20.7% first-year return on $113k initial cash invested.
-20.7%
Cash On Cash
1.67%
Cap Rate
0.25
DSCR
$2,455
Rent
-$1,949
Cashflow
Cash Flow
$2,455 income − $4,404 expenses = $1,949 out of pocket
Investment Breakdown
|
Purchase Price
$452k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$113k
Downpayment
20%
$90,440
Closing costs
1%
$4,522
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$2,455
Total Expenses
$4,404
Mortgage P&I
101%
$2,479
Property Taxes
16%
$382
Home Insurance
7%
$164
HOA
8%
$201
Property Management
15%
$368
CapEx
4%
$98
Vacancy
0%
$0
Maintenance
4%
$98
Other
25%
$614