This property looks like a bad Airbnb investment with a projected -10.36% first-year return on $116k initial cash invested.
-10.36%
Cash On Cash
4.37%
Cap Rate
0.67
DSCR
$3,941
Rent
-$1,004
Cashflow
Cash Flow
$3,941 income − $4,945 expenses = $1,004 out of pocket
Investment Breakdown
|
Purchase Price
$468k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$116k
Downpayment
20%
$93,660
Closing costs
1%
$4,683
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,941
Total Expenses
$4,945
Mortgage P&I
65%
$2,552
Property Taxes
6%
$221
Home Insurance
7%
$280
HOA
0%
$0
Property Management
15%
$591
CapEx
4%
$158
Vacancy
0%
$0
Maintenance
4%
$158
Other
25%
$985