This property looks like a bad Airbnb investment with a projected -19.99% first-year return on $116k initial cash invested.
-19.99%
Cash On Cash
1.48%
Cap Rate
0.24
DSCR
$2,098
Rent
-$1,933
Cashflow
Cash Flow
$2,098 income − $4,031 expenses = $1,933 out of pocket
Investment Breakdown
|
Purchase Price
$467k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$116k
Downpayment
20%
$93,380
Closing costs
1%
$4,669
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$2,098
Total Expenses
$4,031
Mortgage P&I
116%
$2,425
Property Taxes
20%
$424
Home Insurance
8%
$175
HOA
0%
$0
Property Management
15%
$315
CapEx
4%
$84
Vacancy
0%
$0
Maintenance
4%
$84
Other
25%
$524