This property looks like a bad Airbnb investment with a projected -10.53% first-year return on $116k initial cash invested.
-10.53%
Cash On Cash
4.09%
Cap Rate
0.64
DSCR
$3,379
Rent
-$1,022
Cashflow
Cash Flow
$3,379 income − $4,401 expenses = $1,022 out of pocket
Investment Breakdown
|
Purchase Price
$469k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$116k
Downpayment
20%
$93,800
Closing costs
1%
$4,690
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,379
Total Expenses
$4,401
Mortgage P&I
74%
$2,485
Property Taxes
3%
$103
Home Insurance
5%
$164
HOA
1%
$27
Property Management
15%
$507
CapEx
4%
$135
Vacancy
0%
$0
Maintenance
4%
$135
Other
25%
$845