This property looks like a bad Airbnb investment with a projected -16.35% first-year return on $112k initial cash invested.
-16.35%
Cash On Cash
2.78%
Cap Rate
0.42
DSCR
$2,380
Rent
-$1,530
Cashflow
Cash Flow
$2,380 income − $3,910 expenses = $1,530 out of pocket
Investment Breakdown
|
Purchase Price
$449k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$112k
Downpayment
20%
$89,800
Closing costs
1%
$4,490
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$2,380
Total Expenses
$3,910
Mortgage P&I
104%
$2,476
Property Taxes
6%
$135
Home Insurance
7%
$157
HOA
0%
$0
Property Management
15%
$357
CapEx
4%
$95
Vacancy
0%
$0
Maintenance
4%
$95
Other
25%
$595