This property looks like a bad Airbnb investment with a projected -17.91% first-year return on $118k initial cash invested.
-17.91%
Cash On Cash
2.5%
Cap Rate
0.37
DSCR
$2,640
Rent
-$1,757
Cashflow
Cash Flow
$2,640 income − $4,397 expenses = $1,757 out of pocket
Investment Breakdown
|
Purchase Price
$475k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$118k
Downpayment
20%
$95,000
Closing costs
1%
$4,750
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$2,640
Total Expenses
$4,397
Mortgage P&I
100%
$2,641
Property Taxes
12%
$322
Home Insurance
6%
$166
HOA
0%
$0
Property Management
15%
$396
CapEx
4%
$106
Vacancy
0%
$0
Maintenance
4%
$106
Other
25%
$660