This property looks like a bad Airbnb investment with a projected -14.51% first-year return on $116k initial cash invested.
-14.51%
Cash On Cash
2.89%
Cap Rate
0.47
DSCR
$3,278
Rent
-$1,404
Cashflow
Cash Flow
$3,278 income − $4,682 expenses = $1,404 out of pocket
Investment Breakdown
|
Purchase Price
$467k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$116k
Downpayment
20%
$93,440
Closing costs
1%
$4,672
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,278
Total Expenses
$4,682
Mortgage P&I
73%
$2,397
Property Taxes
17%
$545
Home Insurance
5%
$166
HOA
0%
$0
Property Management
15%
$492
CapEx
4%
$131
Vacancy
0%
$0
Maintenance
4%
$131
Other
25%
$820