This property looks like a bad Airbnb investment with a projected -15.32% first-year return on $118k initial cash invested.
-15.32%
Cash On Cash
2.7%
Cap Rate
0.43
DSCR
$2,597
Rent
-$1,509
Cashflow
Cash Flow
$2,597 income − $4,106 expenses = $1,509 out of pocket
Investment Breakdown
|
Purchase Price
$477k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$118k
Downpayment
20%
$95,400
Closing costs
1%
$4,770
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$2,597
Total Expenses
$4,106
Mortgage P&I
95%
$2,478
Property Taxes
8%
$207
Home Insurance
7%
$174
HOA
0%
$0
Property Management
15%
$390
CapEx
4%
$104
Vacancy
0%
$0
Maintenance
4%
$104
Other
25%
$649