This property looks like a bad Airbnb investment with a projected -14.71% first-year return on $115k initial cash invested.
-14.71%
Cash On Cash
3.25%
Cap Rate
0.49
DSCR
$3,231
Rent
-$1,415
Cashflow
Cash Flow
$3,231 income − $4,646 expenses = $1,415 out of pocket
Investment Breakdown
|
Purchase Price
$464k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$115k
Downpayment
20%
$92,800
Closing costs
1%
$4,640
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,231
Total Expenses
$4,646
Mortgage P&I
79%
$2,541
Property Taxes
12%
$388
Home Insurance
5%
$166
HOA
0%
$0
Property Management
15%
$485
CapEx
4%
$129
Vacancy
0%
$0
Maintenance
4%
$129
Other
25%
$808