This property looks like a bad Airbnb investment with a projected -16.2% first-year return on $112k initial cash invested.
-16.2%
Cash On Cash
2.84%
Cap Rate
0.43
DSCR
$2,517
Rent
-$1,508
Cashflow
Cash Flow
$2,517 income − $4,025 expenses = $1,508 out of pocket
Investment Breakdown
|
Purchase Price
$446k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$112k
Downpayment
20%
$89,240
Closing costs
1%
$4,462
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$2,517
Total Expenses
$4,025
Mortgage P&I
98%
$2,463
Property Taxes
8%
$189
Home Insurance
7%
$164
HOA
0%
$0
Property Management
15%
$378
CapEx
4%
$101
Vacancy
0%
$0
Maintenance
4%
$101
Other
25%
$629