This property looks like a bad Airbnb investment with a projected -13.7% first-year return on $116k initial cash invested.
-13.7%
Cash On Cash
3.5%
Cap Rate
0.54
DSCR
$3,775
Rent
-$1,322
Cashflow
Cash Flow
$3,775 income − $5,097 expenses = $1,322 out of pocket
Investment Breakdown
|
Purchase Price
$466k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$116k
Downpayment
20%
$93,120
Closing costs
1%
$4,656
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,775
Total Expenses
$5,097
Mortgage P&I
67%
$2,528
Property Taxes
17%
$647
Home Insurance
3%
$110
HOA
0%
$0
Property Management
15%
$566
CapEx
4%
$151
Vacancy
0%
$0
Maintenance
4%
$151
Other
25%
$944