This property looks like a bad Airbnb investment with a projected -21.69% first-year return on $117k initial cash invested.
-21.69%
Cash On Cash
0.99%
Cap Rate
0.16
DSCR
$2,249
Rent
-$2,114
Cashflow
Cash Flow
$2,249 income − $4,363 expenses = $2,114 out of pocket
Investment Breakdown
|
Purchase Price
$471k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$117k
Downpayment
20%
$94,260
Closing costs
1%
$4,713
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$2,249
Total Expenses
$4,363
Mortgage P&I
107%
$2,414
Property Taxes
31%
$697
Home Insurance
8%
$173
HOA
0%
$0
Property Management
15%
$337
CapEx
4%
$90
Vacancy
0%
$0
Maintenance
4%
$90
Other
25%
$562