This property looks like a bad Airbnb investment with a projected -11.48% first-year return on $113k initial cash invested.
-11.48%
Cash On Cash
4%
Cap Rate
0.62
DSCR
$3,759
Rent
-$1,077
Cashflow
Cash Flow
$3,759 income − $4,836 expenses = $1,077 out of pocket
Investment Breakdown
|
Purchase Price
$450k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$113k
Downpayment
20%
$90,080
Closing costs
1%
$4,504
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,759
Total Expenses
$4,836
Mortgage P&I
65%
$2,429
Property Taxes
12%
$444
Home Insurance
4%
$159
HOA
0%
$0
Property Management
15%
$564
CapEx
4%
$150
Vacancy
0%
$0
Maintenance
4%
$150
Other
25%
$940