This property looks like a bad Airbnb investment with a projected -18.59% first-year return on $117k initial cash invested.
-18.59%
Cash On Cash
2.18%
Cap Rate
0.33
DSCR
$2,620
Rent
-$1,811
Cashflow
Cash Flow
$2,620 income − $4,431 expenses = $1,811 out of pocket
Investment Breakdown
|
Purchase Price
$471k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$117k
Downpayment
20%
$94,200
Closing costs
1%
$4,710
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$2,620
Total Expenses
$4,431
Mortgage P&I
98%
$2,562
Property Taxes
17%
$445
Home Insurance
6%
$166
HOA
0%
$0
Property Management
15%
$393
CapEx
4%
$105
Vacancy
0%
$0
Maintenance
4%
$105
Other
25%
$655