This property looks like a bad Airbnb investment with a projected -29.58% first-year return on $115k initial cash invested.
-29.58%
Cash On Cash
-1.21%
Cap Rate
-0.2
DSCR
$0
Rent
-$2,842
Cashflow
Cash Flow
$0 income − $2,842 expenses = $2,842 out of pocket
Investment Breakdown
|
Purchase Price
$463k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$115k
Downpayment
20%
$92,660
Closing costs
1%
$4,633
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$0
Total Expenses
$2,842
Mortgage P&I
23730000%
$2,373
Property Taxes
3010000%
$301
Home Insurance
1680000%
$168
HOA
0%
$0
Property Management
0%
$0
CapEx
0%
$0
Vacancy
0%
$0
Maintenance
0%
$0
Other
0%
$0