This property looks like a bad Airbnb investment with a projected -15.23% first-year return on $115k initial cash invested.
-15.23%
Cash On Cash
2.94%
Cap Rate
0.46
DSCR
$2,729
Rent
-$1,461
Cashflow
Cash Flow
$2,729 income − $4,190 expenses = $1,461 out of pocket
Investment Breakdown
|
Purchase Price
$462k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$115k
Downpayment
20%
$92,460
Closing costs
1%
$4,623
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$2,729
Total Expenses
$4,190
Mortgage P&I
91%
$2,485
Property Taxes
8%
$228
Home Insurance
6%
$168
HOA
0%
$0
Property Management
15%
$409
CapEx
4%
$109
Vacancy
0%
$0
Maintenance
4%
$109
Other
25%
$682