This property looks like a bad Airbnb investment with a projected -14.6% first-year return on $114k initial cash invested.
-14.6%
Cash On Cash
2.75%
Cap Rate
0.45
DSCR
$2,946
Rent
-$1,391
Cashflow
Cash Flow
$2,946 income − $4,337 expenses = $1,391 out of pocket
Investment Breakdown
|
Purchase Price
$459k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$114k
Downpayment
20%
$91,740
Closing costs
1%
$4,587
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$2,946
Total Expenses
$4,337
Mortgage P&I
79%
$2,326
Property Taxes
15%
$430
Home Insurance
5%
$150
HOA
1%
$17
Property Management
15%
$442
CapEx
4%
$118
Vacancy
0%
$0
Maintenance
4%
$118
Other
25%
$736