This property looks like a bad Airbnb investment with a projected -20.4% first-year return on $114k initial cash invested.
-20.4%
Cash On Cash
1.79%
Cap Rate
0.27
DSCR
$1,888
Rent
-$1,936
Cashflow
Cash Flow
$1,888 income − $3,824 expenses = $1,936 out of pocket
Investment Breakdown
|
Purchase Price
$457k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$114k
Downpayment
20%
$91,340
Closing costs
1%
$4,567
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$1,888
Total Expenses
$3,824
Mortgage P&I
135%
$2,540
Property Taxes
11%
$213
Home Insurance
9%
$164
HOA
0%
$0
Property Management
15%
$283
CapEx
4%
$76
Vacancy
0%
$0
Maintenance
4%
$76
Other
25%
$472