This property looks like a bad Airbnb investment with a projected -14.14% first-year return on $117k initial cash invested.
-14.14%
Cash On Cash
3.03%
Cap Rate
0.49
DSCR
$3,835
Rent
-$1,380
Cashflow
Cash Flow
$3,835 income − $5,215 expenses = $1,380 out of pocket
Investment Breakdown
|
Purchase Price
$472k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$117k
Downpayment
20%
$94,420
Closing costs
1%
$4,721
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,835
Total Expenses
$5,215
Mortgage P&I
63%
$2,418
Property Taxes
8%
$292
Home Insurance
9%
$340
HOA
8%
$325
Property Management
15%
$575
CapEx
4%
$153
Vacancy
0%
$0
Maintenance
4%
$153
Other
25%
$959