This property looks like a bad Airbnb investment with a projected -28.56% first-year return on $115k initial cash invested.
-28.56%
Cash On Cash
-0.81%
Cap Rate
-0.13
DSCR
$1,521
Rent
-$2,734
Cashflow
Cash Flow
$1,521 income − $4,255 expenses = $2,734 out of pocket
Investment Breakdown
|
Purchase Price
$461k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$115k
Downpayment
20%
$92,260
Closing costs
1%
$4,613
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$1,521
Total Expenses
$4,255
Mortgage P&I
155%
$2,360
Property Taxes
66%
$999
Home Insurance
11%
$166
HOA
0%
$0
Property Management
15%
$228
CapEx
4%
$61
Vacancy
0%
$0
Maintenance
4%
$61
Other
25%
$380