This property looks like a bad Airbnb investment with a projected -20.15% first-year return on $113k initial cash invested.
-20.15%
Cash On Cash
1.35%
Cap Rate
0.22
DSCR
$1,936
Rent
-$1,889
Cashflow
Cash Flow
$1,936 income − $3,825 expenses = $1,889 out of pocket
Investment Breakdown
|
Purchase Price
$450k
Downpayment
20.0%
Interest Rate
6.7%
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
$1,936
Total Expenses
$3,825
Mortgage P&I
120%
$2,319
Property Taxes
22%
$420
Home Insurance
8%
$158
HOA
0%
$0
Property Management
15%
$290
CapEx
4%
$77
Vacancy
0%
$0
Maintenance
4%
$77
Other
25%
$484