This property looks like a bad Airbnb investment with a projected -15.89% first-year return on $116k initial cash invested.
-15.89%
Cash On Cash
3.29%
Cap Rate
0.47
DSCR
$2,826
Rent
-$1,531
Cashflow
Cash Flow
$2,826 income − $4,357 expenses = $1,531 out of pocket
Investment Breakdown
|
Purchase Price
$465k
Downpayment
20.0%
Interest Rate
7.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$116k
Downpayment
20%
$93,000
Closing costs
1%
$4,650
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$2,826
Total Expenses
$4,357
Mortgage P&I
95%
$2,691
Property Taxes
5%
$147
Home Insurance
6%
$163
HOA
0%
$0
Property Management
15%
$424
CapEx
4%
$113
Vacancy
0%
$0
Maintenance
4%
$113
Other
25%
$706