This property looks like a bad Airbnb investment with a projected -15.55% first-year return on $118k initial cash invested.
-15.55%
Cash On Cash
3.06%
Cap Rate
0.46
DSCR
$2,656
Rent
-$1,526
Cashflow
Cash Flow
$2,656 income − $4,182 expenses = $1,526 out of pocket
Investment Breakdown
|
Purchase Price
$475k
Downpayment
20.0%
Interest Rate
7.4%
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
$2,656
Total Expenses
$4,182
Mortgage P&I
99%
$2,632
Property Taxes
4%
$110
Home Insurance
6%
$166
HOA
0%
$0
Property Management
15%
$398
CapEx
4%
$106
Vacancy
0%
$0
Maintenance
4%
$106
Other
25%
$664