This property looks like a bad Airbnb investment with a projected -18.35% first-year return on $116k initial cash invested.
-18.35%
Cash On Cash
1.79%
Cap Rate
0.29
DSCR
$2,117
Rent
-$1,768
Cashflow
Cash Flow
$2,117 income − $3,885 expenses = $1,768 out of pocket
Investment Breakdown
|
Purchase Price
$465k
Downpayment
20.0%
Interest Rate
6.6%
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
$2,117
Total Expenses
$3,885
Mortgage P&I
112%
$2,376
Property Taxes
16%
$329
Home Insurance
8%
$163
HOA
0%
$0
Property Management
15%
$318
CapEx
4%
$85
Vacancy
0%
$0
Maintenance
4%
$85
Other
25%
$529