This property looks like a bad Airbnb investment with a projected -11.94% first-year return on $117k initial cash invested.
-11.94%
Cash On Cash
3.62%
Cap Rate
0.58
DSCR
$3,732
Rent
-$1,162
Cashflow
Cash Flow
$3,732 income − $4,894 expenses = $1,162 out of pocket
Investment Breakdown
|
Purchase Price
$471k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$117k
Downpayment
20%
$94,100
Closing costs
1%
$4,705
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,732
Total Expenses
$4,894
Mortgage P&I
65%
$2,431
Property Taxes
14%
$508
Home Insurance
4%
$164
HOA
0%
$0
Property Management
15%
$560
CapEx
4%
$149
Vacancy
0%
$0
Maintenance
4%
$149
Other
25%
$933