This property looks like a bad Airbnb investment with a projected -28.53% first-year return on $115k initial cash invested.
-28.53%
Cash On Cash
-0.93%
Cap Rate
-0.15
DSCR
$0
Rent
-$2,723
Cashflow
Cash Flow
$0 income − $2,723 expenses = $2,723 out of pocket
Investment Breakdown
|
Purchase Price
$460k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$115k
Downpayment
20%
$91,920
Closing costs
1%
$4,596
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$0
Total Expenses
$2,723
Mortgage P&I
23660000%
$2,366
Property Taxes
1870000%
$187
Home Insurance
1640000%
$164
HOA
60000%
$6
Property Management
0%
$0
CapEx
0%
$0
Vacancy
0%
$0
Maintenance
0%
$0
Other
0%
$0