This property looks like a bad Airbnb investment with a projected -14.31% first-year return on $115k initial cash invested.
-14.31%
Cash On Cash
2.91%
Cap Rate
0.47
DSCR
$3,115
Rent
-$1,377
Cashflow
Cash Flow
$3,115 income − $4,492 expenses = $1,377 out of pocket
Investment Breakdown
|
Purchase Price
$464k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$115k
Downpayment
20%
$92,800
Closing costs
1%
$4,640
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,115
Total Expenses
$4,492
Mortgage P&I
76%
$2,378
Property Taxes
15%
$456
Home Insurance
5%
$162
HOA
0%
$0
Property Management
15%
$467
CapEx
4%
$125
Vacancy
0%
$0
Maintenance
4%
$125
Other
25%
$779