This property looks like a bad Airbnb investment with a projected -21.01% first-year return on $116k initial cash invested.
-21.01%
Cash On Cash
1.12%
Cap Rate
0.18
DSCR
$1,890
Rent
-$2,032
Cashflow
Cash Flow
$1,890 income − $3,922 expenses = $2,032 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%
$93,400
Closing costs
1%
$4,670
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$1,890
Total Expenses
$3,922
Mortgage P&I
127%
$2,393
Property Taxes
24%
$458
Home Insurance
9%
$163
HOA
0%
$0
Property Management
15%
$284
CapEx
4%
$76
Vacancy
0%
$0
Maintenance
4%
$76
Other
25%
$472