This property looks like a bad Airbnb investment with a projected -12.08% first-year return on $117k initial cash invested.
-12.08%
Cash On Cash
3.92%
Cap Rate
0.6
DSCR
$3,578
Rent
-$1,177
Cashflow
Cash Flow
$3,578 income − $4,755 expenses = $1,177 out of pocket
Investment Breakdown
|
Purchase Price
$471k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$117k
Downpayment
20%
$94,180
Closing costs
1%
$4,709
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,578
Total Expenses
$4,755
Mortgage P&I
72%
$2,572
Property Taxes
8%
$298
Home Insurance
5%
$168
HOA
0%
$0
Property Management
15%
$537
CapEx
4%
$143
Vacancy
0%
$0
Maintenance
4%
$143
Other
25%
$894