This property looks like a bad Airbnb investment with a projected -26.46% first-year return on $114k initial cash invested.
-26.46%
Cash On Cash
-0.1%
Cap Rate
-0.02
DSCR
$1,206
Rent
-$2,514
Cashflow
Cash Flow
$1,206 income − $3,720 expenses = $2,514 out of pocket
Investment Breakdown
|
Purchase Price
$457k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$114k
Downpayment
20%
$91,440
Closing costs
1%
$4,572
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$1,206
Total Expenses
$3,720
Mortgage P&I
201%
$2,427
Property Taxes
45%
$548
Home Insurance
14%
$166
HOA
0%
$0
Property Management
15%
$181
CapEx
4%
$48
Vacancy
0%
$0
Maintenance
4%
$48
Other
25%
$302