This property looks like a bad Airbnb investment with a projected -20.68% first-year return on $113k initial cash invested.
-20.68%
Cash On Cash
1.64%
Cap Rate
0.25
DSCR
$2,104
Rent
-$1,947
Cashflow
Cash Flow
$2,104 income − $4,051 expenses = $1,947 out of pocket
Investment Breakdown
|
Purchase Price
$452k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$113k
Downpayment
20%
$90,460
Closing costs
1%
$4,523
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$2,104
Total Expenses
$4,051
Mortgage P&I
118%
$2,482
Property Taxes
20%
$412
Home Insurance
7%
$147
HOA
0%
$0
Property Management
15%
$316
CapEx
4%
$84
Vacancy
0%
$0
Maintenance
4%
$84
Other
25%
$526