This property looks like a bad Airbnb investment with a projected -21.55% first-year return on $114k initial cash invested.
-21.55%
Cash On Cash
1.51%
Cap Rate
0.23
DSCR
$2,610
Rent
-$2,054
Cashflow
Cash Flow
$2,610 income − $4,664 expenses = $2,054 out of pocket
Investment Breakdown
|
Purchase Price
$459k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$114k
Downpayment
20%
$91,800
Closing costs
1%
$4,590
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$2,610
Total Expenses
$4,664
Mortgage P&I
97%
$2,528
Property Taxes
21%
$556
Home Insurance
6%
$161
HOA
6%
$167
Property Management
15%
$392
CapEx
4%
$104
Vacancy
0%
$0
Maintenance
4%
$104
Other
25%
$652