This property looks like a bad Airbnb investment with a projected -14.39% first-year return on $118k initial cash invested.
-14.39%
Cash On Cash
3.4%
Cap Rate
0.51
DSCR
$3,350
Rent
-$1,418
Cashflow
Cash Flow
$3,350 income − $4,768 expenses = $1,418 out of pocket
Investment Breakdown
|
Purchase Price
$477k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$118k
Downpayment
20%
$95,480
Closing costs
1%
$4,774
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,350
Total Expenses
$4,768
Mortgage P&I
79%
$2,635
Property Taxes
10%
$322
Home Insurance
5%
$172
HOA
1%
$31
Property Management
15%
$502
CapEx
4%
$134
Vacancy
0%
$0
Maintenance
4%
$134
Other
25%
$838