This property looks like a bad Airbnb investment with a projected -15.46% first-year return on $114k initial cash invested.
-15.46%
Cash On Cash
3.18%
Cap Rate
0.48
DSCR
$3,268
Rent
-$1,474
Cashflow
Cash Flow
$3,268 income − $4,742 expenses = $1,474 out of pocket
Investment Breakdown
|
Purchase Price
$459k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$114k
Downpayment
20%
$91,820
Closing costs
1%
$4,591
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,268
Total Expenses
$4,742
Mortgage P&I
78%
$2,559
Property Taxes
14%
$453
Home Insurance
5%
$161
HOA
0%
$0
Property Management
15%
$490
CapEx
4%
$131
Vacancy
0%
$0
Maintenance
4%
$131
Other
25%
$817