This property looks like a bad Airbnb investment with a projected -13.66% first-year return on $117k initial cash invested.
-13.66%
Cash On Cash
3.53%
Cap Rate
0.53
DSCR
$2,967
Rent
-$1,335
Cashflow
Cash Flow
$2,967 income − $4,302 expenses = $1,335 out of pocket
Investment Breakdown
|
Purchase Price
$473k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$117k
Downpayment
20%
$94,520
Closing costs
1%
$4,726
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$2,967
Total Expenses
$4,302
Mortgage P&I
88%
$2,608
Property Taxes
3%
$94
Home Insurance
6%
$175
HOA
0%
$0
Property Management
15%
$445
CapEx
4%
$119
Vacancy
0%
$0
Maintenance
4%
$119
Other
25%
$742