This property looks like a bad Airbnb investment with a projected -22.42% first-year return on $116k initial cash invested.
-22.42%
Cash On Cash
1.37%
Cap Rate
0.21
DSCR
$2,840
Rent
-$2,161
Cashflow
Cash Flow
$2,840 income − $5,001 expenses = $2,161 out of pocket
Investment Breakdown
|
Purchase Price
$465k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$116k
Downpayment
20%
$93,000
Closing costs
1%
$4,650
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$2,840
Total Expenses
$5,001
Mortgage P&I
91%
$2,578
Property Taxes
28%
$808
Home Insurance
6%
$163
HOA
3%
$88
Property Management
15%
$426
CapEx
4%
$114
Vacancy
0%
$0
Maintenance
4%
$114
Other
25%
$710