This property looks like a bad Airbnb investment with a projected -19.9% first-year return on $118k initial cash invested.
-19.9%
Cash On Cash
1.82%
Cap Rate
0.28
DSCR
$1,982
Rent
-$1,953
Cashflow
Cash Flow
$1,982 income − $3,935 expenses = $1,953 out of pocket
Investment Breakdown
|
Purchase Price
$475k
Downpayment
20.0%
Interest Rate
7.3%
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
$1,982
Total Expenses
$3,935
Mortgage P&I
131%
$2,595
Property Taxes
11%
$223
Home Insurance
8%
$166
HOA
0%
$0
Property Management
15%
$297
CapEx
4%
$79
Vacancy
0%
$0
Maintenance
4%
$79
Other
25%
$496