This property looks like a bad Airbnb investment with a projected -15.12% first-year return on $117k initial cash invested.
-15.12%
Cash On Cash
2.73%
Cap Rate
0.44
DSCR
$3,268
Rent
-$1,472
Cashflow
Cash Flow
$3,268 income − $4,740 expenses = $1,472 out of pocket
Investment Breakdown
|
Purchase Price
$471k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$117k
Downpayment
20%
$94,120
Closing costs
1%
$4,706
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,268
Total Expenses
$4,740
Mortgage P&I
74%
$2,410
Property Taxes
18%
$603
Home Insurance
5%
$158
HOA
0%
$0
Property Management
15%
$490
CapEx
4%
$131
Vacancy
0%
$0
Maintenance
4%
$131
Other
25%
$817