This property looks like a bad Airbnb investment with a projected -28.18% first-year return on $112k initial cash invested.
-28.18%
Cash On Cash
-0.56%
Cap Rate
-0.09
DSCR
$1,207
Rent
-$2,632
Cashflow
Cash Flow
$1,207 income − $3,839 expenses = $2,632 out of pocket
Investment Breakdown
|
Purchase Price
$448k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$112k
Downpayment
20%
$89,600
Closing costs
1%
$4,480
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$1,207
Total Expenses
$3,839
Mortgage P&I
197%
$2,374
Property Taxes
47%
$564
Home Insurance
13%
$157
HOA
14%
$165
Property Management
15%
$181
CapEx
4%
$48
Vacancy
0%
$0
Maintenance
4%
$48
Other
25%
$302