This property looks like a bad Airbnb investment with a projected -21.5% first-year return on $114k initial cash invested.
-21.5%
Cash On Cash
0.95%
Cap Rate
0.16
DSCR
$2,386
Rent
-$2,037
Cashflow
Cash Flow
$2,386 income − $4,423 expenses = $2,037 out of pocket
Investment Breakdown
|
Purchase Price
$456k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$114k
Downpayment
20%
$91,140
Closing costs
1%
$4,557
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$2,386
Total Expenses
$4,423
Mortgage P&I
96%
$2,301
Property Taxes
34%
$808
Home Insurance
7%
$170
HOA
0%
$0
Property Management
15%
$358
CapEx
4%
$95
Vacancy
0%
$0
Maintenance
4%
$95
Other
25%
$596