This property looks like a bad Airbnb investment with a projected -9.55% first-year return on $115k initial cash invested.
-9.55%
Cash On Cash
4.65%
Cap Rate
0.71
DSCR
$4,360
Rent
-$912
Cashflow
Cash Flow
$4,360 income − $5,272 expenses = $912 out of pocket
Investment Breakdown
|
Purchase Price
$460k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$115k
Downpayment
20%
$92,000
Closing costs
1%
$4,600
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$4,360
Total Expenses
$5,272
Mortgage P&I
58%
$2,522
Property Taxes
11%
$492
Home Insurance
4%
$166
HOA
0%
$0
Property Management
15%
$654
CapEx
4%
$174
Vacancy
0%
$0
Maintenance
4%
$174
Other
25%
$1,090