This property looks like a bad Airbnb investment with a projected -20.75% first-year return on $112k initial cash invested.
-20.75%
Cash On Cash
1.12%
Cap Rate
0.18
DSCR
$1,760
Rent
-$1,943
Cashflow
Cash Flow
$1,760 income − $3,703 expenses = $1,943 out of pocket
Investment Breakdown
|
Purchase Price
$449k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$112k
Downpayment
20%
$89,880
Closing costs
1%
$4,494
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$1,760
Total Expenses
$3,703
Mortgage P&I
130%
$2,294
Property Taxes
23%
$411
Home Insurance
9%
$154
HOA
0%
$0
Property Management
15%
$264
CapEx
4%
$70
Vacancy
0%
$0
Maintenance
4%
$70
Other
25%
$440