This property looks like a bad Airbnb investment with a projected -23.44% first-year return on $117k initial cash invested.
-23.44%
Cash On Cash
0.97%
Cap Rate
0.15
DSCR
$1,590
Rent
-$2,280
Cashflow
Cash Flow
$1,590 income − $3,870 expenses = $2,280 out of pocket
Investment Breakdown
|
Purchase Price
$470k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$117k
Downpayment
20%
$94,000
Closing costs
1%
$4,700
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$1,590
Total Expenses
$3,870
Mortgage P&I
163%
$2,597
Property Taxes
20%
$312
Home Insurance
10%
$164
HOA
2%
$33
Property Management
15%
$238
CapEx
4%
$64
Vacancy
0%
$0
Maintenance
4%
$64
Other
25%
$398