This property looks like a bad Airbnb investment with a projected -16.62% first-year return on $116k initial cash invested.
-16.62%
Cash On Cash
2.88%
Cap Rate
0.43
DSCR
$3,068
Rent
-$1,608
Cashflow
Cash Flow
$3,068 income − $4,676 expenses = $1,608 out of pocket
Investment Breakdown
|
Purchase Price
$467k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$116k
Downpayment
20%
$93,400
Closing costs
1%
$4,670
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,068
Total Expenses
$4,676
Mortgage P&I
85%
$2,604
Property Taxes
13%
$399
Home Insurance
5%
$165
HOA
1%
$35
Property Management
15%
$460
CapEx
4%
$123
Vacancy
0%
$0
Maintenance
4%
$123
Other
25%
$767