This property looks like a bad Airbnb investment with a projected -10.33% first-year return on $113k initial cash invested.
-10.33%
Cash On Cash
3.9%
Cap Rate
0.64
DSCR
$3,372
Rent
-$968
Cashflow
Cash Flow
$3,372 income − $4,340 expenses = $968 out of pocket
Investment Breakdown
|
Purchase Price
$450k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$113k
Downpayment
20%
$90,000
Closing costs
1%
$4,500
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,372
Total Expenses
$4,340
Mortgage P&I
68%
$2,297
Property Taxes
8%
$266
Home Insurance
5%
$158
HOA
0%
$0
Property Management
15%
$506
CapEx
4%
$135
Vacancy
0%
$0
Maintenance
4%
$135
Other
25%
$843