This property looks like a bad Airbnb investment with a projected -14.29% first-year return on $114k initial cash invested.
-14.29%
Cash On Cash
3.09%
Cap Rate
0.5
DSCR
$4,012
Rent
-$1,360
Cashflow
Cash Flow
$4,012 income − $5,372 expenses = $1,360 out of pocket
Investment Breakdown
|
Purchase Price
$458k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$114k
Downpayment
20%
$91,640
Closing costs
1%
$4,582
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$4,012
Total Expenses
$5,372
Mortgage P&I
59%
$2,378
Property Taxes
23%
$906
Home Insurance
4%
$163
HOA
0%
$0
Property Management
15%
$602
CapEx
4%
$160
Vacancy
0%
$0
Maintenance
4%
$160
Other
25%
$1,003