This property looks like a bad Airbnb investment with a projected -12.52% first-year return on $115k initial cash invested.
-12.52%
Cash On Cash
3.35%
Cap Rate
0.55
DSCR
$3,466
Rent
-$1,196
Cashflow
Cash Flow
$3,466 income − $4,662 expenses = $1,196 out of pocket
Investment Breakdown
|
Purchase Price
$460k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$115k
Downpayment
20%
$92,000
Closing costs
1%
$4,600
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,466
Total Expenses
$4,662
Mortgage P&I
68%
$2,342
Property Taxes
14%
$495
Home Insurance
5%
$161
HOA
0%
$0
Property Management
15%
$520
CapEx
4%
$139
Vacancy
0%
$0
Maintenance
4%
$139
Other
25%
$866