This property looks like a bad Airbnb investment with a projected -14.1% first-year return on $116k initial cash invested.
-14.1%
Cash On Cash
3.42%
Cap Rate
0.52
DSCR
$3,372
Rent
-$1,365
Cashflow
Cash Flow
$3,372 income − $4,737 expenses = $1,365 out of pocket
Investment Breakdown
|
Purchase Price
$468k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$116k
Downpayment
20%
$93,500
Closing costs
1%
$4,675
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,372
Total Expenses
$4,737
Mortgage P&I
76%
$2,561
Property Taxes
7%
$243
Home Insurance
5%
$172
HOA
4%
$142
Property Management
15%
$506
CapEx
4%
$135
Vacancy
0%
$0
Maintenance
4%
$135
Other
25%
$843