This property looks like a bad Airbnb investment with a projected -22.25% first-year return on $116k initial cash invested.
-22.25%
Cash On Cash
1.19%
Cap Rate
0.18
DSCR
$2,123
Rent
-$2,143
Cashflow
Cash Flow
$2,123 income − $4,266 expenses = $2,143 out of pocket
Investment Breakdown
|
Purchase Price
$465k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$116k
Downpayment
20%
$92,940
Closing costs
1%
$4,647
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$2,123
Total Expenses
$4,266
Mortgage P&I
119%
$2,520
Property Taxes
26%
$542
Home Insurance
9%
$185
HOA
0%
$0
Property Management
15%
$318
CapEx
4%
$85
Vacancy
0%
$0
Maintenance
4%
$85
Other
25%
$531