This property looks like a bad Airbnb investment with a projected -15.16% first-year return on $114k initial cash invested.
-15.16%
Cash On Cash
3.14%
Cap Rate
0.48
DSCR
$2,956
Rent
-$1,442
Cashflow
Cash Flow
$2,956 income − $4,398 expenses = $1,442 out of pocket
Investment Breakdown
|
Purchase Price
$458k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$114k
Downpayment
20%
$91,540
Closing costs
1%
$4,577
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$2,956
Total Expenses
$4,398
Mortgage P&I
85%
$2,522
Property Taxes
10%
$300
Home Insurance
5%
$158
HOA
0%
$0
Property Management
15%
$443
CapEx
4%
$118
Vacancy
0%
$0
Maintenance
4%
$118
Other
25%
$739