This property looks like a bad Airbnb investment with a projected -24.53% first-year return on $117k initial cash invested.
-24.53%
Cash On Cash
0.44%
Cap Rate
0.07
DSCR
$3,303
Rent
-$2,383
Cashflow
Cash Flow
$3,303 income − $5,686 expenses = $2,383 out of pocket
Investment Breakdown
|
Purchase Price
$470k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$117k
Downpayment
20%
$93,900
Closing costs
1%
$4,695
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,303
Total Expenses
$5,686
Mortgage P&I
73%
$2,425
Property Taxes
21%
$690
Home Insurance
5%
$168
HOA
25%
$818
Property Management
15%
$495
CapEx
4%
$132
Vacancy
0%
$0
Maintenance
4%
$132
Other
25%
$826