This property looks like a bad Airbnb investment with a projected -12.07% first-year return on $113k initial cash invested.
-12.07%
Cash On Cash
3.37%
Cap Rate
0.55
DSCR
$2,856
Rent
-$1,132
Cashflow
Cash Flow
$2,856 income − $3,988 expenses = $1,132 out of pocket
Investment Breakdown
|
Purchase Price
$450k
Downpayment
20.0%
Interest Rate
6.5%
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
$2,856
Total Expenses
$3,988
Mortgage P&I
80%
$2,283
Property Taxes
6%
$177
Home Insurance
6%
$158
HOA
0%
$0
Property Management
15%
$428
CapEx
4%
$114
Vacancy
0%
$0
Maintenance
4%
$114
Other
25%
$714