This property looks like a bad Airbnb investment with a projected -15.21% first-year return on $118k initial cash invested.
-15.21%
Cash On Cash
2.6%
Cap Rate
0.42
DSCR
$2,460
Rent
-$1,492
Cashflow
Cash Flow
$2,460 income − $3,952 expenses = $1,492 out of pocket
Investment Breakdown
|
Purchase Price
$475k
Downpayment
20.0%
Interest Rate
6.6%
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
$2,460
Total Expenses
$3,952
Mortgage P&I
99%
$2,423
Property Taxes
6%
$158
Home Insurance
7%
$166
HOA
1%
$25
Property Management
15%
$369
CapEx
4%
$98
Vacancy
0%
$0
Maintenance
4%
$98
Other
25%
$615