This property looks like a bad Airbnb investment with a projected -15.24% first-year return on $115k initial cash invested.
-15.24%
Cash On Cash
2.65%
Cap Rate
0.43
DSCR
$2,674
Rent
-$1,455
Cashflow
Cash Flow
$2,674 income − $4,129 expenses = $1,455 out of pocket
Investment Breakdown
|
Purchase Price
$460k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$115k
Downpayment
20%
$91,980
Closing costs
1%
$4,599
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$2,674
Total Expenses
$4,129
Mortgage P&I
88%
$2,365
Property Taxes
12%
$320
Home Insurance
6%
$161
HOA
0%
$0
Property Management
15%
$401
CapEx
4%
$107
Vacancy
0%
$0
Maintenance
4%
$107
Other
25%
$668