This property looks like a bad Airbnb investment with a projected -16.06% first-year return on $116k initial cash invested.
-16.06%
Cash On Cash
2.45%
Cap Rate
0.4
DSCR
$2,795
Rent
-$1,557
Cashflow
Cash Flow
$2,795 income − $4,352 expenses = $1,557 out of pocket
Investment Breakdown
|
Purchase Price
$468k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$116k
Downpayment
20%
$93,660
Closing costs
1%
$4,683
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$2,795
Total Expenses
$4,352
Mortgage P&I
86%
$2,401
Property Taxes
16%
$443
Home Insurance
6%
$166
HOA
0%
$0
Property Management
15%
$419
CapEx
4%
$112
Vacancy
0%
$0
Maintenance
4%
$112
Other
25%
$699