This property looks like a bad Airbnb investment with a projected -17.39% first-year return on $115k initial cash invested.
-17.39%
Cash On Cash
2.61%
Cap Rate
0.39
DSCR
$2,928
Rent
-$1,665
Cashflow
Cash Flow
$2,928 income − $4,593 expenses = $1,665 out of pocket
Investment Breakdown
|
Purchase Price
$462k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$115k
Downpayment
20%
$92,300
Closing costs
1%
$4,615
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$2,928
Total Expenses
$4,593
Mortgage P&I
87%
$2,550
Property Taxes
10%
$298
Home Insurance
6%
$166
HOA
6%
$174
Property Management
15%
$439
CapEx
4%
$117
Vacancy
0%
$0
Maintenance
4%
$117
Other
25%
$732