This property looks like a bad Airbnb investment with a projected -19.75% first-year return on $115k initial cash invested.
-19.75%
Cash On Cash
1.93%
Cap Rate
0.29
DSCR
$2,307
Rent
-$1,886
Cashflow
Cash Flow
$2,307 income − $4,193 expenses = $1,886 out of pocket
Investment Breakdown
|
Purchase Price
$460k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$115k
Downpayment
20%
$91,980
Closing costs
1%
$4,599
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$2,307
Total Expenses
$4,193
Mortgage P&I
110%
$2,535
Property Taxes
17%
$402
Home Insurance
6%
$149
HOA
0%
$0
Property Management
15%
$346
CapEx
4%
$92
Vacancy
0%
$0
Maintenance
4%
$92
Other
25%
$577