This property looks like a bad Airbnb investment with a projected -27.03% first-year return on $112k initial cash invested.
-27.03%
Cash On Cash
0.12%
Cap Rate
0.02
DSCR
$1,413
Rent
-$2,528
Cashflow
Cash Flow
$1,413 income − $3,941 expenses = $2,528 out of pocket
Investment Breakdown
|
Purchase Price
$449k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$112k
Downpayment
20%
$89,760
Closing costs
1%
$4,488
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$1,413
Total Expenses
$3,941
Mortgage P&I
178%
$2,516
Property Taxes
42%
$588
Home Insurance
11%
$158
HOA
0%
$0
Property Management
15%
$212
CapEx
4%
$57
Vacancy
0%
$0
Maintenance
4%
$57
Other
25%
$353