This property looks like a bad Airbnb investment with a projected -14.65% first-year return on $116k initial cash invested.
-14.65%
Cash On Cash
3.13%
Cap Rate
0.48
DSCR
$2,940
Rent
-$1,417
Cashflow
Cash Flow
$2,940 income − $4,357 expenses = $1,417 out of pocket
Investment Breakdown
|
Purchase Price
$467k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$116k
Downpayment
20%
$93,400
Closing costs
1%
$4,670
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$2,940
Total Expenses
$4,357
Mortgage P&I
86%
$2,516
Property Taxes
9%
$261
Home Insurance
6%
$168
HOA
0%
$0
Property Management
15%
$441
CapEx
4%
$118
Vacancy
0%
$0
Maintenance
4%
$118
Other
25%
$735