This property looks like a bad Airbnb investment with a projected -18.29% first-year return on $116k initial cash invested.
-18.29%
Cash On Cash
2.13%
Cap Rate
0.33
DSCR
$2,946
Rent
-$1,767
Cashflow
Cash Flow
$2,946 income − $4,713 expenses = $1,767 out of pocket
Investment Breakdown
|
Purchase Price
$466k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$116k
Downpayment
20%
$93,240
Closing costs
1%
$4,662
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$2,946
Total Expenses
$4,713
Mortgage P&I
84%
$2,475
Property Taxes
22%
$658
Home Insurance
6%
$166
HOA
0%
$0
Property Management
15%
$442
CapEx
4%
$118
Vacancy
0%
$0
Maintenance
4%
$118
Other
25%
$736