This property looks like a bad Airbnb investment with a projected -18.44% first-year return on $117k initial cash invested.
-18.44%
Cash On Cash
1.81%
Cap Rate
0.29
DSCR
$2,009
Rent
-$1,802
Cashflow
Cash Flow
$2,009 income − $3,811 expenses = $1,802 out of pocket
Investment Breakdown
|
Purchase Price
$473k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$117k
Downpayment
20%
$94,520
Closing costs
1%
$4,726
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$2,009
Total Expenses
$3,811
Mortgage P&I
121%
$2,435
Property Taxes
11%
$224
Home Insurance
9%
$172
HOA
1%
$17
Property Management
15%
$301
CapEx
4%
$80
Vacancy
0%
$0
Maintenance
4%
$80
Other
25%
$502