This property looks like a bad Airbnb investment with a projected -16.57% first-year return on $118k initial cash invested.
-16.57%
Cash On Cash
2.33%
Cap Rate
0.38
DSCR
$2,284
Rent
-$1,631
Cashflow
Cash Flow
$2,284 income − $3,915 expenses = $1,631 out of pocket
Investment Breakdown
|
Purchase Price
$477k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$118k
Downpayment
20%
$95,340
Closing costs
1%
$4,767
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$2,284
Total Expenses
$3,915
Mortgage P&I
108%
$2,466
Property Taxes
8%
$186
Home Insurance
7%
$167
HOA
0%
$0
Property Management
15%
$343
CapEx
4%
$91
Vacancy
0%
$0
Maintenance
4%
$91
Other
25%
$571