This property looks like a bad Airbnb investment with a projected -19.82% first-year return on $115k initial cash invested.
-19.82%
Cash On Cash
1.56%
Cap Rate
0.25
DSCR
$1,675
Rent
-$1,893
Cashflow
Cash Flow
$1,675 income − $3,568 expenses = $1,893 out of pocket
Investment Breakdown
|
Purchase Price
$460k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$115k
Downpayment
20%
$92,000
Closing costs
1%
$4,600
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$1,675
Total Expenses
$3,568
Mortgage P&I
145%
$2,425
Property Taxes
11%
$178
Home Insurance
10%
$161
HOA
0%
$0
Property Management
15%
$251
CapEx
4%
$67
Vacancy
0%
$0
Maintenance
4%
$67
Other
25%
$419