This property looks like a bad Airbnb investment with a projected -14.44% first-year return on $113k initial cash invested.
-14.44%
Cash On Cash
2.77%
Cap Rate
0.46
DSCR
$2,850
Rent
-$1,354
Cashflow
Cash Flow
$2,850 income − $4,204 expenses = $1,354 out of pocket
Investment Breakdown
|
Purchase Price
$450k
Downpayment
20.0%
Interest Rate
6.5%
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
$2,850
Total Expenses
$4,204
Mortgage P&I
80%
$2,280
Property Taxes
14%
$398
Home Insurance
6%
$158
HOA
0%
$0
Property Management
15%
$428
CapEx
4%
$114
Vacancy
0%
$0
Maintenance
4%
$114
Other
25%
$712