This property looks like a bad Airbnb investment with a projected -15.72% first-year return on $114k initial cash invested.
-15.72%
Cash On Cash
2.97%
Cap Rate
0.46
DSCR
$3,509
Rent
-$1,488
Cashflow
Cash Flow
$3,509 income − $4,997 expenses = $1,488 out of pocket
Investment Breakdown
|
Purchase Price
$455k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$114k
Downpayment
20%
$91,020
Closing costs
1%
$4,551
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,509
Total Expenses
$4,997
Mortgage P&I
71%
$2,475
Property Taxes
19%
$678
Home Insurance
5%
$161
HOA
0%
$0
Property Management
15%
$526
CapEx
4%
$140
Vacancy
0%
$0
Maintenance
4%
$140
Other
25%
$877