This property looks like a bad Airbnb investment with a projected -17.1% first-year return on $115k initial cash invested.
-17.1%
Cash On Cash
2.64%
Cap Rate
0.4
DSCR
$2,650
Rent
-$1,638
Cashflow
Cash Flow
$2,650 income − $4,288 expenses = $1,638 out of pocket
Investment Breakdown
|
Purchase Price
$462k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$115k
Downpayment
20%
$92,340
Closing costs
1%
$4,617
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$2,650
Total Expenses
$4,288
Mortgage P&I
96%
$2,546
Property Taxes
12%
$306
Home Insurance
6%
$164
HOA
0%
$0
Property Management
15%
$398
CapEx
4%
$106
Vacancy
0%
$0
Maintenance
4%
$106
Other
25%
$662