This property looks like a bad Airbnb investment with a projected -13.98% first-year return on $115k initial cash invested.
-13.98%
Cash On Cash
3.02%
Cap Rate
0.49
DSCR
$3,815
Rent
-$1,334
Cashflow
Cash Flow
$3,815 income − $5,149 expenses = $1,334 out of pocket
Investment Breakdown
|
Purchase Price
$460k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$115k
Downpayment
20%
$91,940
Closing costs
1%
$4,597
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,815
Total Expenses
$5,149
Mortgage P&I
61%
$2,338
Property Taxes
22%
$835
Home Insurance
4%
$144
HOA
0%
$0
Property Management
15%
$572
CapEx
4%
$153
Vacancy
0%
$0
Maintenance
4%
$153
Other
25%
$954