This property looks like a bad Airbnb investment with a projected -13.12% first-year return on $115k initial cash invested.
-13.12%
Cash On Cash
3.5%
Cap Rate
0.55
DSCR
$3,978
Rent
-$1,261
Cashflow
Cash Flow
$3,978 income − $5,239 expenses = $1,261 out of pocket
Investment Breakdown
|
Purchase Price
$463k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$115k
Downpayment
20%
$92,680
Closing costs
1%
$4,634
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,978
Total Expenses
$5,239
Mortgage P&I
62%
$2,452
Property Taxes
17%
$676
Home Insurance
4%
$164
HOA
1%
$38
Property Management
15%
$597
CapEx
4%
$159
Vacancy
0%
$0
Maintenance
4%
$159
Other
25%
$994