This property looks like a bad Airbnb investment with a projected -17.42% first-year return on $115k initial cash invested.
-17.42%
Cash On Cash
2.15%
Cap Rate
0.35
DSCR
$2,965
Rent
-$1,672
Cashflow
Cash Flow
$2,965 income − $4,637 expenses = $1,672 out of pocket
Investment Breakdown
|
Purchase Price
$463k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$115k
Downpayment
20%
$92,580
Closing costs
1%
$4,629
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$2,965
Total Expenses
$4,637
Mortgage P&I
80%
$2,382
Property Taxes
21%
$624
Home Insurance
6%
$166
HOA
1%
$41
Property Management
15%
$445
CapEx
4%
$119
Vacancy
0%
$0
Maintenance
4%
$119
Other
25%
$741