This property looks like a bad Airbnb investment with a projected -15.91% first-year return on $112k initial cash invested.
-15.91%
Cash On Cash
2.48%
Cap Rate
0.4
DSCR
$2,919
Rent
-$1,480
Cashflow
Cash Flow
$2,919 income − $4,399 expenses = $1,480 out of pocket
Investment Breakdown
|
Purchase Price
$446k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$112k
Downpayment
20%
$89,200
Closing costs
1%
$4,460
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$2,919
Total Expenses
$4,399
Mortgage P&I
78%
$2,286
Property Taxes
19%
$553
Home Insurance
5%
$158
HOA
0%
$0
Property Management
15%
$438
CapEx
4%
$117
Vacancy
0%
$0
Maintenance
4%
$117
Other
25%
$730