This property looks like a bad Airbnb investment with a projected -12.89% first-year return on $114k initial cash invested.
-12.89%
Cash On Cash
3.28%
Cap Rate
0.53
DSCR
$2,942
Rent
-$1,226
Cashflow
Cash Flow
$2,942 income − $4,168 expenses = $1,226 out of pocket
Investment Breakdown
|
Purchase Price
$458k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$114k
Downpayment
20%
$91,520
Closing costs
1%
$4,576
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$2,942
Total Expenses
$4,168
Mortgage P&I
80%
$2,358
Property Taxes
8%
$231
Home Insurance
6%
$166
HOA
0%
$0
Property Management
15%
$441
CapEx
4%
$118
Vacancy
0%
$0
Maintenance
4%
$118
Other
25%
$736