This property looks like a bad Airbnb investment with a projected -16.27% first-year return on $116k initial cash invested.
-16.27%
Cash On Cash
2.38%
Cap Rate
0.39
DSCR
$2,714
Rent
-$1,568
Cashflow
Cash Flow
$2,714 income − $4,282 expenses = $1,568 out of pocket
Investment Breakdown
|
Purchase Price
$465k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$116k
Downpayment
20%
$92,980
Closing costs
1%
$4,649
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$2,714
Total Expenses
$4,282
Mortgage P&I
88%
$2,381
Property Taxes
15%
$418
Home Insurance
6%
$163
HOA
1%
$17
Property Management
15%
$407
CapEx
4%
$109
Vacancy
0%
$0
Maintenance
4%
$109
Other
25%
$678