This property looks like a bad Airbnb investment with a projected -12.37% first-year return on $114k initial cash invested.
-12.37%
Cash On Cash
4.05%
Cap Rate
0.6
DSCR
$3,988
Rent
-$1,178
Cashflow
Cash Flow
$3,988 income − $5,166 expenses = $1,178 out of pocket
Investment Breakdown
|
Purchase Price
$458k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$114k
Downpayment
20%
$91,680
Closing costs
1%
$4,584
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,988
Total Expenses
$5,166
Mortgage P&I
64%
$2,564
Property Taxes
11%
$452
Home Insurance
4%
$158
HOA
2%
$77
Property Management
15%
$598
CapEx
4%
$160
Vacancy
0%
$0
Maintenance
4%
$160
Other
25%
$997