This property looks like a bad Airbnb investment with a projected -18.18% first-year return on $115k initial cash invested.
-18.18%
Cash On Cash
1.99%
Cap Rate
0.32
DSCR
$2,702
Rent
-$1,744
Cashflow
Cash Flow
$2,702 income − $4,446 expenses = $1,744 out of pocket
Investment Breakdown
|
Purchase Price
$463k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$115k
Downpayment
20%
$92,520
Closing costs
1%
$4,626
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$2,702
Total Expenses
$4,446
Mortgage P&I
89%
$2,404
Property Taxes
10%
$273
Home Insurance
6%
$166
HOA
11%
$306
Property Management
15%
$405
CapEx
4%
$108
Vacancy
0%
$0
Maintenance
4%
$108
Other
25%
$676