This property looks like a bad Airbnb investment with a projected -27.94% first-year return on $114k initial cash invested.
-27.94%
Cash On Cash
-0.69%
Cap Rate
-0.11
DSCR
$506
Rent
-$2,651
Cashflow
Cash Flow
$506 income − $3,157 expenses = $2,651 out of pocket
Investment Breakdown
|
Purchase Price
$456k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$114k
Downpayment
20%
$91,280
Closing costs
1%
$4,564
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$506
Total Expenses
$3,157
Mortgage P&I
468%
$2,368
Property Taxes
72%
$362
Home Insurance
32%
$161
HOA
5%
$24
Property Management
15%
$76
CapEx
4%
$20
Vacancy
0%
$0
Maintenance
4%
$20
Other
25%
$126