This property looks like a bad Airbnb investment with a projected -20.04% first-year return on $113k initial cash invested.
-20.04%
Cash On Cash
1.84%
Cap Rate
0.28
DSCR
$2,518
Rent
-$1,888
Cashflow
Cash Flow
$2,518 income − $4,406 expenses = $1,888 out of pocket
Investment Breakdown
|
Purchase Price
$453k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$113k
Downpayment
20%
$90,540
Closing costs
1%
$4,527
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$2,518
Total Expenses
$4,406
Mortgage P&I
98%
$2,480
Property Taxes
21%
$532
Home Insurance
7%
$184
HOA
0%
$0
Property Management
15%
$378
CapEx
4%
$101
Vacancy
0%
$0
Maintenance
4%
$101
Other
25%
$630