This property looks like a bad Airbnb investment with a projected -19.93% first-year return on $115k initial cash invested.
-19.93%
Cash On Cash
1.76%
Cap Rate
0.27
DSCR
$2,372
Rent
-$1,905
Cashflow
Cash Flow
$2,372 income − $4,277 expenses = $1,905 out of pocket
Investment Breakdown
|
Purchase Price
$460k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$115k
Downpayment
20%
$92,080
Closing costs
1%
$4,604
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$2,372
Total Expenses
$4,277
Mortgage P&I
105%
$2,487
Property Taxes
20%
$478
Home Insurance
7%
$173
HOA
0%
$0
Property Management
15%
$356
CapEx
4%
$95
Vacancy
0%
$0
Maintenance
4%
$95
Other
25%
$593