This property looks like a bad Airbnb investment with a projected -14.82% first-year return on $118k initial cash invested.
-14.82%
Cash On Cash
3.32%
Cap Rate
0.5
DSCR
$3,168
Rent
-$1,456
Cashflow
Cash Flow
$3,168 income − $4,624 expenses = $1,456 out of pocket
Investment Breakdown
|
Purchase Price
$476k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$118k
Downpayment
20%
$95,100
Closing costs
1%
$4,755
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,168
Total Expenses
$4,624
Mortgage P&I
84%
$2,646
Property Taxes
9%
$289
Home Insurance
5%
$168
HOA
0%
$0
Property Management
15%
$475
CapEx
4%
$127
Vacancy
0%
$0
Maintenance
4%
$127
Other
25%
$792