This property looks like a bad Airbnb investment with a projected -12.53% first-year return on $116k initial cash invested.
-12.53%
Cash On Cash
3.49%
Cap Rate
0.56
DSCR
$3,510
Rent
-$1,207
Cashflow
Cash Flow
$3,510 income − $4,717 expenses = $1,207 out of pocket
Investment Breakdown
|
Purchase Price
$465k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$116k
Downpayment
20%
$92,920
Closing costs
1%
$4,646
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,510
Total Expenses
$4,717
Mortgage P&I
69%
$2,420
Property Taxes
13%
$461
Home Insurance
4%
$152
HOA
0%
$0
Property Management
15%
$526
CapEx
4%
$140
Vacancy
0%
$0
Maintenance
4%
$140
Other
25%
$878