This property looks like a bad Airbnb investment with a projected -15.36% first-year return on $116k initial cash invested.
-15.36%
Cash On Cash
2.54%
Cap Rate
0.42
DSCR
$2,562
Rent
-$1,484
Cashflow
Cash Flow
$2,562 income − $4,046 expenses = $1,484 out of pocket
Investment Breakdown
|
Purchase Price
$466k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$116k
Downpayment
20%
$93,280
Closing costs
1%
$4,664
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$2,562
Total Expenses
$4,046
Mortgage P&I
93%
$2,371
Property Taxes
11%
$281
Home Insurance
6%
$166
HOA
0%
$0
Property Management
15%
$384
CapEx
4%
$102
Vacancy
0%
$0
Maintenance
4%
$102
Other
25%
$640