This property looks like a bad Airbnb investment with a projected -15.68% first-year return on $115k initial cash invested.
-15.68%
Cash On Cash
2.45%
Cap Rate
0.4
DSCR
$2,211
Rent
-$1,499
Cashflow
Cash Flow
$2,211 income − $3,710 expenses = $1,499 out of pocket
Investment Breakdown
|
Purchase Price
$460k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$115k
Downpayment
20%
$92,080
Closing costs
1%
$4,604
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$2,211
Total Expenses
$3,710
Mortgage P&I
106%
$2,352
Property Taxes
6%
$129
Home Insurance
8%
$168
HOA
0%
$0
Property Management
15%
$332
CapEx
4%
$88
Vacancy
0%
$0
Maintenance
4%
$88
Other
25%
$553