This property looks like a bad Airbnb investment with a projected -19.53% first-year return on $118k initial cash invested.
-19.53%
Cash On Cash
1.69%
Cap Rate
0.27
DSCR
$2,594
Rent
-$1,916
Cashflow
Cash Flow
$2,594 income − $4,510 expenses = $1,916 out of pocket
Investment Breakdown
|
Purchase Price
$475k
Downpayment
20.0%
Interest Rate
6.8%
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
$2,594
Total Expenses
$4,510
Mortgage P&I
96%
$2,480
Property Taxes
24%
$619
Home Insurance
6%
$166
HOA
0%
$0
Property Management
15%
$389
CapEx
4%
$104
Vacancy
0%
$0
Maintenance
4%
$104
Other
25%
$648