This property looks like a bad Airbnb investment with a projected -10.82% first-year return on $118k initial cash invested.
-10.82%
Cash On Cash
3.91%
Cap Rate
0.62
DSCR
$3,169
Rent
-$1,060
Cashflow
Cash Flow
$3,169 income − $4,229 expenses = $1,060 out of pocket
Investment Breakdown
|
Purchase Price
$474k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$118k
Downpayment
20%
$94,780
Closing costs
1%
$4,739
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,169
Total Expenses
$4,229
Mortgage P&I
78%
$2,476
Property Taxes
2%
$64
Home Insurance
5%
$168
HOA
0%
$0
Property Management
15%
$475
CapEx
4%
$127
Vacancy
0%
$0
Maintenance
4%
$127
Other
25%
$792