This property looks like a bad Airbnb investment with a projected -20.21% first-year return on $111k initial cash invested.
-20.21%
Cash On Cash
1.77%
Cap Rate
0.27
DSCR
$2,413
Rent
-$1,876
Cashflow
Cash Flow
$2,413 income − $4,289 expenses = $1,876 out of pocket
Investment Breakdown
|
Purchase Price
$445k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$111k
Downpayment
20%
$88,960
Closing costs
1%
$4,448
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$2,413
Total Expenses
$4,289
Mortgage P&I
101%
$2,436
Property Taxes
22%
$536
Home Insurance
7%
$158
HOA
0%
$0
Property Management
15%
$362
CapEx
4%
$97
Vacancy
0%
$0
Maintenance
4%
$97
Other
25%
$603