This property looks like a bad Airbnb investment with a projected -18.35% first-year return on $113k initial cash invested.
-18.35%
Cash On Cash
2.01%
Cap Rate
0.32
DSCR
$2,052
Rent
-$1,720
Cashflow
Cash Flow
$2,052 income − $3,772 expenses = $1,720 out of pocket
Investment Breakdown
|
Purchase Price
$450k
Downpayment
20.0%
Interest Rate
7.0%
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
$2,052
Total Expenses
$3,772
Mortgage P&I
117%
$2,393
Property Taxes
12%
$236
Home Insurance
8%
$158
HOA
0%
$0
Property Management
15%
$308
CapEx
4%
$82
Vacancy
0%
$0
Maintenance
4%
$82
Other
25%
$513