This property looks like a bad Airbnb investment with a projected -14.17% first-year return on $117k initial cash invested.
-14.17%
Cash On Cash
3.07%
Cap Rate
0.49
DSCR
$3,352
Rent
-$1,383
Cashflow
Cash Flow
$3,352 income − $4,735 expenses = $1,383 out of pocket
Investment Breakdown
|
Purchase Price
$472k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$117k
Downpayment
20%
$94,400
Closing costs
1%
$4,720
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,352
Total Expenses
$4,735
Mortgage P&I
73%
$2,456
Property Taxes
15%
$505
Home Insurance
5%
$165
HOA
0%
$0
Property Management
15%
$503
CapEx
4%
$134
Vacancy
0%
$0
Maintenance
4%
$134
Other
25%
$838