This property looks like a bad Airbnb investment with a projected -19.74% first-year return on $114k initial cash invested.
-19.74%
Cash On Cash
1.74%
Cap Rate
0.27
DSCR
$2,448
Rent
-$1,883
Cashflow
Cash Flow
$2,448 income − $4,331 expenses = $1,883 out of pocket
Investment Breakdown
|
Purchase Price
$460k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$114k
Downpayment
20%
$91,900
Closing costs
1%
$4,595
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$2,448
Total Expenses
$4,331
Mortgage P&I
100%
$2,452
Property Taxes
21%
$519
Home Insurance
8%
$185
HOA
0%
$0
Property Management
15%
$367
CapEx
4%
$98
Vacancy
0%
$0
Maintenance
4%
$98
Other
25%
$612