This property looks like a bad Airbnb investment with a projected -18.64% first-year return on $118k initial cash invested.
-18.64%
Cash On Cash
2.23%
Cap Rate
0.34
DSCR
$2,664
Rent
-$1,826
Cashflow
Cash Flow
$2,664 income − $4,490 expenses = $1,826 out of pocket
Investment Breakdown
|
Purchase Price
$474k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$118k
Downpayment
20%
$94,820
Closing costs
1%
$4,741
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$2,664
Total Expenses
$4,490
Mortgage P&I
98%
$2,602
Property Taxes
17%
$442
Home Insurance
6%
$166
HOA
0%
$0
Property Management
15%
$400
CapEx
4%
$107
Vacancy
0%
$0
Maintenance
4%
$107
Other
25%
$666