This property looks like a bad Airbnb investment with a projected -17.29% first-year return on $118k initial cash invested.
-17.29%
Cash On Cash
2.78%
Cap Rate
0.41
DSCR
$3,340
Rent
-$1,697
Cashflow
Cash Flow
$3,340 income − $5,037 expenses = $1,697 out of pocket
Investment Breakdown
|
Purchase Price
$475k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$118k
Downpayment
20%
$95,060
Closing costs
1%
$4,753
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,340
Total Expenses
$5,037
Mortgage P&I
80%
$2,665
Property Taxes
18%
$596
Home Insurance
5%
$172
HOA
0%
$0
Property Management
15%
$501
CapEx
4%
$134
Vacancy
0%
$0
Maintenance
4%
$134
Other
25%
$835