This property looks like a bad Airbnb investment with a projected -15.29% first-year return on $117k initial cash invested.
-15.29%
Cash On Cash
3.05%
Cap Rate
0.47
DSCR
$3,170
Rent
-$1,488
Cashflow
Cash Flow
$3,170 income − $4,658 expenses = $1,488 out of pocket
Investment Breakdown
|
Purchase Price
$470k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$117k
Downpayment
20%
$94,060
Closing costs
1%
$4,703
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,170
Total Expenses
$4,658
Mortgage P&I
81%
$2,557
Property Taxes
13%
$411
Home Insurance
5%
$168
HOA
0%
$0
Property Management
15%
$476
CapEx
4%
$127
Vacancy
0%
$0
Maintenance
4%
$127
Other
25%
$792