This property looks like a bad Airbnb investment with a projected -22.35% first-year return on $116k initial cash invested.
-22.35%
Cash On Cash
0.62%
Cap Rate
0.1
DSCR
$1,385
Rent
-$2,160
Cashflow
Cash Flow
$1,385 income − $3,545 expenses = $2,160 out of pocket
Investment Breakdown
|
Purchase Price
$467k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$116k
Downpayment
20%
$93,300
Closing costs
1%
$4,665
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$1,385
Total Expenses
$3,545
Mortgage P&I
169%
$2,347
Property Taxes
20%
$272
Home Insurance
19%
$262
HOA
0%
$0
Property Management
15%
$208
CapEx
4%
$55
Vacancy
0%
$0
Maintenance
4%
$55
Other
25%
$346