This property looks like a bad Airbnb investment with a projected -7.78% first-year return on $113k initial cash invested.
-7.78%
Cash On Cash
4.41%
Cap Rate
0.74
DSCR
$3,415
Rent
-$729
Cashflow
Cash Flow
$3,415 income − $4,144 expenses = $729 out of pocket
Investment Breakdown
|
Purchase Price
$450k
Downpayment
20.0%
Interest Rate
6.4%
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
$3,415
Total Expenses
$4,144
Mortgage P&I
66%
$2,246
Property Taxes
3%
$100
Home Insurance
5%
$158
HOA
0%
$0
Property Management
15%
$512
CapEx
4%
$137
Vacancy
0%
$0
Maintenance
4%
$137
Other
25%
$854