This property looks like a bad Airbnb investment with a projected -22.93% first-year return on $115k initial cash invested.
-22.93%
Cash On Cash
1.21%
Cap Rate
0.18
DSCR
$1,889
Rent
-$2,198
Cashflow
Cash Flow
$1,889 income − $4,087 expenses = $2,198 out of pocket
Investment Breakdown
|
Purchase Price
$462k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$115k
Downpayment
20%
$92,420
Closing costs
1%
$4,621
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$1,889
Total Expenses
$4,087
Mortgage P&I
137%
$2,589
Property Taxes
22%
$408
Home Insurance
9%
$170
HOA
1%
$13
Property Management
15%
$283
CapEx
4%
$76
Vacancy
0%
$0
Maintenance
4%
$76
Other
25%
$472