This property looks like a bad Airbnb investment with a projected -13.96% first-year return on $116k initial cash invested.
-13.96%
Cash On Cash
3.47%
Cap Rate
0.53
DSCR
$3,480
Rent
-$1,348
Cashflow
Cash Flow
$3,480 income − $4,828 expenses = $1,348 out of pocket
Investment Breakdown
|
Purchase Price
$466k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$116k
Downpayment
20%
$93,180
Closing costs
1%
$4,659
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,480
Total Expenses
$4,828
Mortgage P&I
73%
$2,557
Property Taxes
13%
$438
Home Insurance
5%
$163
HOA
0%
$0
Property Management
15%
$522
CapEx
4%
$139
Vacancy
0%
$0
Maintenance
4%
$139
Other
25%
$870