This property looks like a bad Airbnb investment with a projected -11.06% first-year return on $113k initial cash invested.
-11.06%
Cash On Cash
3.86%
Cap Rate
0.62
DSCR
$3,743
Rent
-$1,043
Cashflow
Cash Flow
$3,743 income − $4,786 expenses = $1,043 out of pocket
Investment Breakdown
|
Purchase Price
$453k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$113k
Downpayment
20%
$90,640
Closing costs
1%
$4,532
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,743
Total Expenses
$4,786
Mortgage P&I
63%
$2,350
Property Taxes
13%
$471
Home Insurance
4%
$168
HOA
0%
$0
Property Management
15%
$561
CapEx
4%
$150
Vacancy
0%
$0
Maintenance
4%
$150
Other
25%
$936