This property looks like a bad Airbnb investment with a projected -15.02% first-year return on $118k initial cash invested.
-15.02%
Cash On Cash
2.92%
Cap Rate
0.46
DSCR
$2,581
Rent
-$1,474
Cashflow
Cash Flow
$2,581 income − $4,055 expenses = $1,474 out of pocket
Investment Breakdown
|
Purchase Price
$475k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$118k
Downpayment
20%
$95,000
Closing costs
1%
$4,750
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$2,581
Total Expenses
$4,055
Mortgage P&I
98%
$2,526
Property Taxes
5%
$125
Home Insurance
6%
$166
HOA
0%
$0
Property Management
15%
$387
CapEx
4%
$103
Vacancy
0%
$0
Maintenance
4%
$103
Other
25%
$645