This property looks like a bad Airbnb investment with a projected -22.65% first-year return on $116k initial cash invested.
-22.65%
Cash On Cash
1.35%
Cap Rate
0.2
DSCR
$1,436
Rent
-$2,183
Cashflow
Cash Flow
$1,436 income − $3,619 expenses = $2,183 out of pocket
Investment Breakdown
|
Purchase Price
$465k
Downpayment
20.0%
Interest Rate
7.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$116k
Downpayment
20%
$93,000
Closing costs
1%
$4,650
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$1,436
Total Expenses
$3,619
Mortgage P&I
184%
$2,648
Property Taxes
8%
$117
Home Insurance
12%
$166
HOA
0%
$0
Property Management
15%
$215
CapEx
4%
$57
Vacancy
0%
$0
Maintenance
4%
$57
Other
25%
$359