This property looks like a bad Airbnb investment with a projected -13.32% first-year return on $114k initial cash invested.
-13.32%
Cash On Cash
3.16%
Cap Rate
0.51
DSCR
$3,114
Rent
-$1,262
Cashflow
Cash Flow
$3,114 income − $4,376 expenses = $1,262 out of pocket
Investment Breakdown
|
Purchase Price
$456k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$114k
Downpayment
20%
$91,160
Closing costs
1%
$4,558
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,114
Total Expenses
$4,376
Mortgage P&I
75%
$2,337
Property Taxes
12%
$380
Home Insurance
5%
$164
HOA
0%
$0
Property Management
15%
$467
CapEx
4%
$125
Vacancy
0%
$0
Maintenance
4%
$125
Other
25%
$778