This property looks like a bad Airbnb investment with a projected -16.68% first-year return on $111k initial cash invested.
-16.68%
Cash On Cash
2.63%
Cap Rate
0.4
DSCR
$2,782
Rent
-$1,549
Cashflow
Cash Flow
$2,782 income − $4,331 expenses = $1,549 out of pocket
Investment Breakdown
|
Purchase Price
$445k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$111k
Downpayment
20%
$89,020
Closing costs
1%
$4,451
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$2,782
Total Expenses
$4,331
Mortgage P&I
87%
$2,414
Property Taxes
15%
$424
Home Insurance
6%
$158
HOA
0%
$0
Property Management
15%
$417
CapEx
4%
$111
Vacancy
0%
$0
Maintenance
4%
$111
Other
25%
$696