This property looks like a bad Airbnb investment with a projected -23.39% first-year return on $115k initial cash invested.
-23.39%
Cash On Cash
1.1%
Cap Rate
0.16
DSCR
$2,213
Rent
-$2,245
Cashflow
Cash Flow
$2,213 income − $4,458 expenses = $2,245 out of pocket
Investment Breakdown
|
Purchase Price
$463k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$115k
Downpayment
20%
$92,560
Closing costs
1%
$4,628
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$2,213
Total Expenses
$4,458
Mortgage P&I
117%
$2,580
Property Taxes
30%
$666
Home Insurance
7%
$149
HOA
0%
$0
Property Management
15%
$332
CapEx
4%
$89
Vacancy
0%
$0
Maintenance
4%
$89
Other
25%
$553