This property looks like a bad Airbnb investment with a projected -18.62% first-year return on $116k initial cash invested.
-18.62%
Cash On Cash
1.8%
Cap Rate
0.29
DSCR
$2,394
Rent
-$1,804
Cashflow
Cash Flow
$2,394 income − $4,198 expenses = $1,804 out of pocket
Investment Breakdown
|
Purchase Price
$468k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$116k
Downpayment
20%
$93,580
Closing costs
1%
$4,679
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$2,394
Total Expenses
$4,198
Mortgage P&I
101%
$2,409
Property Taxes
20%
$470
Home Insurance
7%
$170
HOA
0%
$0
Property Management
15%
$359
CapEx
4%
$96
Vacancy
0%
$0
Maintenance
4%
$96
Other
25%
$598