This property looks like a bad Airbnb investment with a projected -19.73% first-year return on $115k initial cash invested.
-19.73%
Cash On Cash
1.64%
Cap Rate
0.26
DSCR
$1,974
Rent
-$1,889
Cashflow
Cash Flow
$1,974 income − $3,863 expenses = $1,889 out of pocket
Investment Breakdown
|
Purchase Price
$461k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$115k
Downpayment
20%
$92,280
Closing costs
1%
$4,614
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$1,974
Total Expenses
$3,863
Mortgage P&I
124%
$2,441
Property Taxes
17%
$332
Home Insurance
7%
$142
HOA
0%
$0
Property Management
15%
$296
CapEx
4%
$79
Vacancy
0%
$0
Maintenance
4%
$79
Other
25%
$494