This property looks like a bad Airbnb investment with a projected -19.31% first-year return on $112k initial cash invested.
-19.31%
Cash On Cash
1.72%
Cap Rate
0.28
DSCR
$2,804
Rent
-$1,795
Cashflow
Cash Flow
$2,804 income − $4,599 expenses = $1,795 out of pocket
Investment Breakdown
|
Purchase Price
$445k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$112k
Downpayment
20%
$89,080
Closing costs
1%
$4,454
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$2,804
Total Expenses
$4,599
Mortgage P&I
83%
$2,323
Property Taxes
27%
$758
Home Insurance
5%
$149
HOA
1%
$23
Property Management
15%
$421
CapEx
4%
$112
Vacancy
0%
$0
Maintenance
4%
$112
Other
25%
$701