This property looks like a bad Airbnb investment with a projected -21.64% first-year return on $115k initial cash invested.
-21.64%
Cash On Cash
1.32%
Cap Rate
0.2
DSCR
$1,962
Rent
-$2,067
Cashflow
Cash Flow
$1,962 income − $4,029 expenses = $2,067 out of pocket
Investment Breakdown
|
Purchase Price
$460k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$115k
Downpayment
20%
$92,020
Closing costs
1%
$4,601
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$1,962
Total Expenses
$4,029
Mortgage P&I
127%
$2,495
Property Taxes
22%
$433
Home Insurance
8%
$161
HOA
0%
$0
Property Management
15%
$294
CapEx
4%
$78
Vacancy
0%
$0
Maintenance
4%
$78
Other
25%
$490