This property looks like a bad Airbnb investment with a projected -22.01% first-year return on $117k initial cash invested.
-22.01%
Cash On Cash
1.08%
Cap Rate
0.17
DSCR
$1,807
Rent
-$2,155
Cashflow
Cash Flow
$1,807 income − $3,962 expenses = $2,155 out of pocket
Investment Breakdown
|
Purchase Price
$474k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$117k
Downpayment
20%
$94,740
Closing costs
1%
$4,737
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$1,807
Total Expenses
$3,962
Mortgage P&I
139%
$2,510
Property Taxes
23%
$414
Home Insurance
9%
$171
HOA
0%
$0
Property Management
15%
$271
CapEx
4%
$72
Vacancy
0%
$0
Maintenance
4%
$72
Other
25%
$452