This property looks like a bad Airbnb investment with a projected -32.66% first-year return on $118k initial cash invested.
-32.66%
Cash On Cash
-1.2%
Cap Rate
-0.17
DSCR
$0
Rent
-$3,218
Cashflow
Cash Flow
$0 income − $3,218 expenses = $3,218 out of pocket
Investment Breakdown
|
Purchase Price
$477k
Downpayment
20.0%
Interest Rate
7.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$118k
Downpayment
20%
$95,460
Closing costs
1%
$4,773
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$0
Total Expenses
$3,218
Mortgage P&I
27410000%
$2,741
Property Taxes
2890000%
$289
Home Insurance
1750000%
$175
HOA
130000%
$13
Property Management
0%
$0
CapEx
0%
$0
Vacancy
0%
$0
Maintenance
0%
$0
Other
0%
$0