This property looks like a bad Airbnb investment with a projected -18.17% first-year return on $116k initial cash invested.
-18.17%
Cash On Cash
2.39%
Cap Rate
0.36
DSCR
$2,253
Rent
-$1,758
Cashflow
Cash Flow
$2,253 income − $4,011 expenses = $1,758 out of pocket
Investment Breakdown
|
Purchase Price
$467k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$116k
Downpayment
20%
$93,460
Closing costs
1%
$4,673
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$2,253
Total Expenses
$4,011
Mortgage P&I
115%
$2,598
Property Taxes
7%
$160
Home Insurance
8%
$172
HOA
0%
$0
Property Management
15%
$338
CapEx
4%
$90
Vacancy
0%
$0
Maintenance
4%
$90
Other
25%
$563