This property looks like a bad Airbnb investment with a projected -14.22% first-year return on $115k initial cash invested.
-14.22%
Cash On Cash
3.39%
Cap Rate
0.52
DSCR
$3,454
Rent
-$1,363
Cashflow
Cash Flow
$3,454 income − $4,817 expenses = $1,363 out of pocket
Investment Breakdown
|
Purchase Price
$462k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$115k
Downpayment
20%
$92,400
Closing costs
1%
$4,620
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,454
Total Expenses
$4,817
Mortgage P&I
73%
$2,532
Property Taxes
13%
$457
Home Insurance
5%
$170
HOA
0%
$0
Property Management
15%
$518
CapEx
4%
$138
Vacancy
0%
$0
Maintenance
4%
$138
Other
25%
$864