This property looks like a bad Airbnb investment with a projected -23.02% first-year return on $113k initial cash invested.
-23.02%
Cash On Cash
1%
Cap Rate
0.15
DSCR
$1,436
Rent
-$2,158
Cashflow
Cash Flow
$1,436 income − $3,594 expenses = $2,158 out of pocket
Investment Breakdown
|
Purchase Price
$450k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$113k
Downpayment
20%
$90,000
Closing costs
1%
$4,500
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$1,436
Total Expenses
$3,594
Mortgage P&I
172%
$2,476
Property Taxes
17%
$239
Home Insurance
11%
$158
HOA
2%
$33
Property Management
15%
$215
CapEx
4%
$57
Vacancy
0%
$0
Maintenance
4%
$57
Other
25%
$359