This property looks like a bad Airbnb investment with a projected -15.2% first-year return on $113k initial cash invested.
-15.2%
Cash On Cash
2.68%
Cap Rate
0.43
DSCR
$2,609
Rent
-$1,426
Cashflow
Cash Flow
$2,609 income − $4,035 expenses = $1,426 out of pocket
Investment Breakdown
|
Purchase Price
$450k
Downpayment
20.0%
Interest Rate
6.7%
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
$2,609
Total Expenses
$4,035
Mortgage P&I
89%
$2,327
Property Taxes
11%
$280
Home Insurance
7%
$177
HOA
0%
$0
Property Management
15%
$391
CapEx
4%
$104
Vacancy
0%
$0
Maintenance
4%
$104
Other
25%
$652