This property looks like a bad Airbnb investment with a projected -11.68% first-year return on $112k initial cash invested.
-11.68%
Cash On Cash
3.56%
Cap Rate
0.58
DSCR
$2,917
Rent
-$1,089
Cashflow
Cash Flow
$2,917 income − $4,006 expenses = $1,089 out of pocket
Investment Breakdown
|
Purchase Price
$447k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$112k
Downpayment
20%
$89,400
Closing costs
1%
$4,470
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$2,917
Total Expenses
$4,006
Mortgage P&I
79%
$2,298
Property Taxes
5%
$151
Home Insurance
5%
$156
HOA
0%
$0
Property Management
15%
$438
CapEx
4%
$117
Vacancy
0%
$0
Maintenance
4%
$117
Other
25%
$729