This property looks like a bad Airbnb investment with a projected -19.41% first-year return on $117k initial cash invested.
-19.41%
Cash On Cash
2.15%
Cap Rate
0.32
DSCR
$3,033
Rent
-$1,888
Cashflow
Cash Flow
$3,033 income − $4,921 expenses = $1,888 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
$3,033
Total Expenses
$4,921
Mortgage P&I
86%
$2,610
Property Taxes
23%
$688
Home Insurance
6%
$168
HOA
0%
$0
Property Management
15%
$455
CapEx
4%
$121
Vacancy
0%
$0
Maintenance
4%
$121
Other
25%
$758