This property looks like a bad Airbnb investment with a projected -22.48% first-year return on $117k initial cash invested.
-22.48%
Cash On Cash
0.71%
Cap Rate
0.11
DSCR
$1,438
Rent
-$2,184
Cashflow
Cash Flow
$1,438 income − $3,622 expenses = $2,184 out of pocket
Investment Breakdown
|
Purchase Price
$469k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$117k
Downpayment
20%
$93,880
Closing costs
1%
$4,694
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$1,438
Total Expenses
$3,622
Mortgage P&I
167%
$2,402
Property Taxes
25%
$357
Home Insurance
11%
$163
HOA
1%
$8
Property Management
15%
$216
CapEx
4%
$58
Vacancy
0%
$0
Maintenance
4%
$58
Other
25%
$360