This property looks like a bad Airbnb investment with a projected -11.16% first-year return on $115k initial cash invested.
-11.16%
Cash On Cash
3.8%
Cap Rate
0.61
DSCR
$3,292
Rent
-$1,072
Cashflow
Cash Flow
$3,292 income − $4,364 expenses = $1,072 out of pocket
Investment Breakdown
|
Purchase Price
$463k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$115k
Downpayment
20%
$92,660
Closing costs
1%
$4,633
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,292
Total Expenses
$4,364
Mortgage P&I
73%
$2,407
Property Taxes
6%
$210
Home Insurance
5%
$166
HOA
0%
$0
Property Management
15%
$494
CapEx
4%
$132
Vacancy
0%
$0
Maintenance
4%
$132
Other
25%
$823