This property looks like a bad Airbnb investment with a projected -11.68% first-year return on $112k initial cash invested.
-11.68%
Cash On Cash
4.25%
Cap Rate
0.62
DSCR
$3,464
Rent
-$1,088
Cashflow
Cash Flow
$3,464 income − $4,552 expenses = $1,088 out of pocket
Investment Breakdown
|
Purchase Price
$447k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$112k
Downpayment
20%
$89,320
Closing costs
1%
$4,466
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,464
Total Expenses
$4,552
Mortgage P&I
73%
$2,529
Property Taxes
6%
$201
Home Insurance
5%
$158
HOA
0%
$0
Property Management
15%
$520
CapEx
4%
$139
Vacancy
0%
$0
Maintenance
4%
$139
Other
25%
$866