This property looks like a bad Airbnb investment with a projected -12.55% first-year return on $112k initial cash invested.
-12.55%
Cash On Cash
3.27%
Cap Rate
0.54
DSCR
$2,919
Rent
-$1,169
Cashflow
Cash Flow
$2,919 income − $4,088 expenses = $1,169 out of pocket
Investment Breakdown
|
Purchase Price
$447k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$112k
Downpayment
20%
$89,340
Closing costs
1%
$4,467
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$2,919
Total Expenses
$4,088
Mortgage P&I
78%
$2,268
Property Taxes
9%
$260
Home Insurance
5%
$158
HOA
0%
$0
Property Management
15%
$438
CapEx
4%
$117
Vacancy
0%
$0
Maintenance
4%
$117
Other
25%
$730