This property looks like a bad Airbnb investment with a projected -18.15% first-year return on $115k initial cash invested.
-18.15%
Cash On Cash
1.95%
Cap Rate
0.31
DSCR
$2,269
Rent
-$1,734
Cashflow
Cash Flow
$2,269 income − $4,003 expenses = $1,734 out of pocket
Investment Breakdown
|
Purchase Price
$460k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$115k
Downpayment
20%
$92,060
Closing costs
1%
$4,603
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$2,269
Total Expenses
$4,003
Mortgage P&I
105%
$2,392
Property Taxes
14%
$322
Home Insurance
7%
$164
HOA
2%
$36
Property Management
15%
$340
CapEx
4%
$91
Vacancy
0%
$0
Maintenance
4%
$91
Other
25%
$567