This property looks like a bad Airbnb investment with a projected -15.88% first-year return on $113k initial cash invested.
-15.88%
Cash On Cash
2.76%
Cap Rate
0.43
DSCR
$2,970
Rent
-$1,494
Cashflow
Cash Flow
$2,970 income − $4,464 expenses = $1,494 out of pocket
Investment Breakdown
|
Purchase Price
$452k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$113k
Downpayment
20%
$90,380
Closing costs
1%
$4,519
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$2,970
Total Expenses
$4,464
Mortgage P&I
81%
$2,415
Property Taxes
16%
$465
Home Insurance
5%
$158
HOA
0%
$0
Property Management
15%
$446
CapEx
4%
$119
Vacancy
0%
$0
Maintenance
4%
$119
Other
25%
$742