This property looks like a bad Airbnb investment with a projected -17.85% first-year return on $116k initial cash invested.
-17.85%
Cash On Cash
1.94%
Cap Rate
0.32
DSCR
$2,387
Rent
-$1,718
Cashflow
Cash Flow
$2,387 income − $4,105 expenses = $1,718 out of pocket
Investment Breakdown
|
Purchase Price
$464k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$116k
Downpayment
20%
$92,860
Closing costs
1%
$4,643
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$2,387
Total Expenses
$4,105
Mortgage P&I
99%
$2,373
Property Taxes
15%
$367
Home Insurance
7%
$170
HOA
2%
$50
Property Management
15%
$358
CapEx
4%
$95
Vacancy
0%
$0
Maintenance
4%
$95
Other
25%
$597