This property looks like a bad Airbnb investment with a projected -14.46% first-year return on $114k initial cash invested.
-14.46%
Cash On Cash
3.3%
Cap Rate
0.5
DSCR
$3,247
Rent
-$1,378
Cashflow
Cash Flow
$3,247 income − $4,625 expenses = $1,378 out of pocket
Investment Breakdown
|
Purchase Price
$459k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$114k
Downpayment
20%
$91,800
Closing costs
1%
$4,590
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,247
Total Expenses
$4,625
Mortgage P&I
77%
$2,512
Property Taxes
6%
$203
Home Insurance
5%
$161
HOA
6%
$190
Property Management
15%
$487
CapEx
4%
$130
Vacancy
0%
$0
Maintenance
4%
$130
Other
25%
$812