This property looks like a bad Airbnb investment with a projected -17.76% first-year return on $115k initial cash invested.
-17.76%
Cash On Cash
2.17%
Cap Rate
0.34
DSCR
$2,087
Rent
-$1,696
Cashflow
Cash Flow
$2,087 income − $3,783 expenses = $1,696 out of pocket
Investment Breakdown
|
Purchase Price
$460k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$115k
Downpayment
20%
$92,000
Closing costs
1%
$4,600
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$2,087
Total Expenses
$3,783
Mortgage P&I
117%
$2,446
Property Taxes
8%
$175
Home Insurance
8%
$161
HOA
0%
$0
Property Management
15%
$313
CapEx
4%
$83
Vacancy
0%
$0
Maintenance
4%
$83
Other
25%
$522