This property looks like a bad Airbnb investment with a projected -21.06% first-year return on $118k initial cash invested.
-21.06%
Cash On Cash
1.2%
Cap Rate
0.19
DSCR
$2,278
Rent
-$2,062
Cashflow
Cash Flow
$2,278 income − $4,340 expenses = $2,062 out of pocket
Investment Breakdown
|
Purchase Price
$474k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$118k
Downpayment
20%
$94,780
Closing costs
1%
$4,739
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$2,278
Total Expenses
$4,340
Mortgage P&I
107%
$2,443
Property Taxes
18%
$411
Home Insurance
8%
$175
HOA
10%
$217
Property Management
15%
$342
CapEx
4%
$91
Vacancy
0%
$0
Maintenance
4%
$91
Other
25%
$570