This property looks like a bad Airbnb investment with a projected -20.47% first-year return on $116k initial cash invested.
-20.47%
Cash On Cash
1.12%
Cap Rate
0.19
DSCR
$1,724
Rent
-$1,979
Cashflow
Cash Flow
$1,724 income − $3,703 expenses = $1,979 out of pocket
Investment Breakdown
|
Purchase Price
$467k
Downpayment
20.0%
Interest Rate
6.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$116k
Downpayment
20%
$93,340
Closing costs
1%
$4,667
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$1,724
Total Expenses
$3,703
Mortgage P&I
136%
$2,345
Property Taxes
23%
$390
Home Insurance
8%
$140
HOA
0%
$0
Property Management
15%
$259
CapEx
4%
$69
Vacancy
0%
$0
Maintenance
4%
$69
Other
25%
$431