This property looks like a bad Airbnb investment with a projected -13.96% first-year return on $112k initial cash invested.
-13.96%
Cash On Cash
2.98%
Cap Rate
0.48
DSCR
$2,934
Rent
-$1,297
Cashflow
Cash Flow
$2,934 income − $4,231 expenses = $1,297 out of pocket
Investment Breakdown
|
Purchase Price
$445k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$112k
Downpayment
20%
$89,060
Closing costs
1%
$4,453
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$2,934
Total Expenses
$4,231
Mortgage P&I
78%
$2,285
Property Taxes
13%
$380
Home Insurance
5%
$158
HOA
0%
$0
Property Management
15%
$440
CapEx
4%
$117
Vacancy
0%
$0
Maintenance
4%
$117
Other
25%
$734