This property looks like a bad Airbnb investment with a projected -15.8% first-year return on $116k initial cash invested.
-15.8%
Cash On Cash
2.87%
Cap Rate
0.44
DSCR
$2,605
Rent
-$1,529
Cashflow
Cash Flow
$2,605 income − $4,134 expenses = $1,529 out of pocket
Investment Breakdown
|
Purchase Price
$467k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$116k
Downpayment
20%
$93,420
Closing costs
1%
$4,671
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$2,605
Total Expenses
$4,134
Mortgage P&I
98%
$2,541
Property Taxes
6%
$154
Home Insurance
7%
$189
HOA
0%
$0
Property Management
15%
$391
CapEx
4%
$104
Vacancy
0%
$0
Maintenance
4%
$104
Other
25%
$651