This property looks like a bad Airbnb investment with a projected -20.29% first-year return on $118k initial cash invested.
-20.29%
Cash On Cash
1.42%
Cap Rate
0.23
DSCR
$1,729
Rent
-$1,991
Cashflow
Cash Flow
$1,729 income − $3,720 expenses = $1,991 out of pocket
Investment Breakdown
|
Purchase Price
$475k
Downpayment
20.0%
Interest Rate
6.8%
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
$1,729
Total Expenses
$3,720
Mortgage P&I
144%
$2,485
Property Taxes
14%
$240
Home Insurance
10%
$166
HOA
0%
$0
Property Management
15%
$259
CapEx
4%
$69
Vacancy
0%
$0
Maintenance
4%
$69
Other
25%
$432