This property looks like a bad Airbnb investment with a projected -29.03% first-year return on $116k initial cash invested.
-29.03%
Cash On Cash
-0.66%
Cap Rate
-0.1
DSCR
$1,151
Rent
-$2,817
Cashflow
Cash Flow
$1,151 income − $3,968 expenses = $2,817 out of pocket
Investment Breakdown
|
Purchase Price
$469k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$116k
Downpayment
20%
$93,740
Closing costs
1%
$4,687
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$1,151
Total Expenses
$3,968
Mortgage P&I
219%
$2,515
Property Taxes
62%
$718
Home Insurance
16%
$182
HOA
0%
$0
Property Management
15%
$173
CapEx
4%
$46
Vacancy
0%
$0
Maintenance
4%
$46
Other
25%
$288