This property looks like a bad Airbnb investment with a projected -0.93% first-year return on $112k initial cash invested.
-0.93%
Cash On Cash
6.5%
Cap Rate
1.06
DSCR
$5,413
Rent
-$87
Cashflow
Cash Flow
$5,413 income − $5,500 expenses = $87 out of pocket
Investment Breakdown
|
Purchase Price
$450k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$112k
Downpayment
20%
$89,980
Closing costs
1%
$4,499
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$5,413
Total Expenses
$5,500
Mortgage P&I
43%
$2,307
Property Taxes
8%
$433
Home Insurance
3%
$161
HOA
0%
$0
Property Management
15%
$812
CapEx
4%
$217
Vacancy
0%
$0
Maintenance
4%
$217
Other
25%
$1,353