This property looks like a bad Airbnb investment with a projected -28.61% first-year return on $115k initial cash invested.
-28.61%
Cash On Cash
-0.82%
Cap Rate
-0.13
DSCR
$830
Rent
-$2,747
Cashflow
Cash Flow
$830 income − $3,577 expenses = $2,747 out of pocket
Investment Breakdown
|
Purchase Price
$463k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$115k
Downpayment
20%
$92,580
Closing costs
1%
$4,629
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$830
Total Expenses
$3,577
Mortgage P&I
289%
$2,397
Property Taxes
78%
$646
Home Insurance
16%
$136
HOA
0%
$0
Property Management
15%
$124
CapEx
4%
$33
Vacancy
0%
$0
Maintenance
4%
$33
Other
25%
$208