This property looks like a bad Airbnb investment with a projected -17.12% first-year return on $115k initial cash invested.
-17.12%
Cash On Cash
2.83%
Cap Rate
0.42
DSCR
$3,264
Rent
-$1,638
Cashflow
Cash Flow
$3,264 income − $4,902 expenses = $1,638 out of pocket
Investment Breakdown
|
Purchase Price
$461k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$115k
Downpayment
20%
$92,180
Closing costs
1%
$4,609
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,264
Total Expenses
$4,902
Mortgage P&I
79%
$2,594
Property Taxes
18%
$574
Home Insurance
5%
$166
HOA
0%
$0
Property Management
15%
$490
CapEx
4%
$131
Vacancy
0%
$0
Maintenance
4%
$131
Other
25%
$816