This property looks like a bad Airbnb investment with a projected -14.58% first-year return on $118k initial cash invested.
-14.58%
Cash On Cash
2.96%
Cap Rate
0.47
DSCR
$3,185
Rent
-$1,433
Cashflow
Cash Flow
$3,185 income − $4,618 expenses = $1,433 out of pocket
Investment Breakdown
|
Purchase Price
$476k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$118k
Downpayment
20%
$95,180
Closing costs
1%
$4,759
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,185
Total Expenses
$4,618
Mortgage P&I
78%
$2,479
Property Taxes
10%
$311
Home Insurance
5%
$168
HOA
4%
$132
Property Management
15%
$478
CapEx
4%
$127
Vacancy
0%
$0
Maintenance
4%
$127
Other
25%
$796