This property looks like a bad Airbnb investment with a projected -19.91% first-year return on $116k initial cash invested.
-19.91%
Cash On Cash
2.06%
Cap Rate
0.31
DSCR
$3,115
Rent
-$1,917
Cashflow
Cash Flow
$3,115 income − $5,032 expenses = $1,917 out of pocket
Investment Breakdown
|
Purchase Price
$464k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$116k
Downpayment
20%
$92,872
Closing costs
1%
$4,644
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,115
Total Expenses
$5,032
Mortgage P&I
83%
$2,588
Property Taxes
25%
$786
Home Insurance
5%
$162
HOA
0%
$0
Property Management
15%
$467
CapEx
4%
$125
Vacancy
0%
$0
Maintenance
4%
$125
Other
25%
$779