This property looks like a bad Airbnb investment with a projected -17.65% first-year return on $114k initial cash invested.
-17.65%
Cash On Cash
2.06%
Cap Rate
0.33
DSCR
$2,506
Rent
-$1,681
Cashflow
Cash Flow
$2,506 income − $4,187 expenses = $1,681 out of pocket
Investment Breakdown
|
Purchase Price
$459k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$114k
Downpayment
20%
$91,700
Closing costs
1%
$4,585
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$2,506
Total Expenses
$4,187
Mortgage P&I
95%
$2,369
Property Taxes
18%
$450
Home Insurance
7%
$166
HOA
0%
$0
Property Management
15%
$376
CapEx
4%
$100
Vacancy
0%
$0
Maintenance
4%
$100
Other
25%
$626