This property looks like a bad Airbnb investment with a projected -11.11% first-year return on $112k initial cash invested.
-11.11%
Cash On Cash
3.84%
Cap Rate
0.62
DSCR
$3,652
Rent
-$1,041
Cashflow
Cash Flow
$3,652 income − $4,693 expenses = $1,041 out of pocket
Investment Breakdown
|
Purchase Price
$450k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$112k
Downpayment
20%
$89,900
Closing costs
1%
$4,495
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,652
Total Expenses
$4,693
Mortgage P&I
64%
$2,335
Property Taxes
12%
$448
Home Insurance
4%
$157
HOA
0%
$0
Property Management
15%
$548
CapEx
4%
$146
Vacancy
0%
$0
Maintenance
4%
$146
Other
25%
$913