This property looks like a bad Airbnb investment with a projected -17.94% first-year return on $111k initial cash invested.
-17.94%
Cash On Cash
2.29%
Cap Rate
0.35
DSCR
$2,553
Rent
-$1,665
Cashflow
Cash Flow
$2,553 income − $4,218 expenses = $1,665 out of pocket
Investment Breakdown
|
Purchase Price
$445k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$111k
Downpayment
20%
$88,920
Closing costs
1%
$4,446
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$2,553
Total Expenses
$4,218
Mortgage P&I
94%
$2,411
Property Taxes
17%
$424
Home Insurance
6%
$158
HOA
0%
$0
Property Management
15%
$383
CapEx
4%
$102
Vacancy
0%
$0
Maintenance
4%
$102
Other
25%
$638