This property looks like a bad Airbnb investment with a projected -16.03% first-year return on $118k initial cash invested.
-16.03%
Cash On Cash
3.13%
Cap Rate
0.47
DSCR
$3,863
Rent
-$1,577
Cashflow
Cash Flow
$3,863 income − $5,440 expenses = $1,577 out of pocket
Investment Breakdown
|
Purchase Price
$477k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$118k
Downpayment
20%
$95,320
Closing costs
1%
$4,766
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,863
Total Expenses
$5,440
Mortgage P&I
69%
$2,666
Property Taxes
19%
$747
Home Insurance
4%
$172
HOA
0%
$0
Property Management
15%
$579
CapEx
4%
$155
Vacancy
0%
$0
Maintenance
4%
$155
Other
25%
$966