This property looks like a bad Airbnb investment with a projected -22.65% first-year return on $111k initial cash invested.
-22.65%
Cash On Cash
1.13%
Cap Rate
0.17
DSCR
$1,751
Rent
-$2,103
Cashflow
Cash Flow
$1,751 income − $3,854 expenses = $2,103 out of pocket
Investment Breakdown
|
Purchase Price
$445k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$111k
Downpayment
20%
$88,960
Closing costs
1%
$4,448
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$1,751
Total Expenses
$3,854
Mortgage P&I
140%
$2,451
Property Taxes
23%
$409
Home Insurance
9%
$153
HOA
0%
$0
Property Management
15%
$263
CapEx
4%
$70
Vacancy
0%
$0
Maintenance
4%
$70
Other
25%
$438