This property looks like a bad Airbnb investment with a projected -13.01% first-year return on $113k initial cash invested.
-13.01%
Cash On Cash
3.59%
Cap Rate
0.56
DSCR
$3,489
Rent
-$1,226
Cashflow
Cash Flow
$3,489 income − $4,715 expenses = $1,226 out of pocket
Investment Breakdown
|
Purchase Price
$453k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$113k
Downpayment
20%
$90,580
Closing costs
1%
$4,529
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,489
Total Expenses
$4,715
Mortgage P&I
70%
$2,442
Property Taxes
12%
$432
Home Insurance
5%
$166
HOA
0%
$0
Property Management
15%
$523
CapEx
4%
$140
Vacancy
0%
$0
Maintenance
4%
$140
Other
25%
$872