This property looks like a bad Airbnb investment with a projected -17.83% first-year return on $117k initial cash invested.
-17.83%
Cash On Cash
2.05%
Cap Rate
0.33
DSCR
$1,929
Rent
-$1,740
Cashflow
Cash Flow
$1,929 income − $3,669 expenses = $1,740 out of pocket
Investment Breakdown
|
Purchase Price
$472k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$117k
Downpayment
20%
$94,380
Closing costs
1%
$4,719
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$1,929
Total Expenses
$3,669
Mortgage P&I
128%
$2,471
Property Taxes
5%
$98
Home Insurance
9%
$175
HOA
0%
$0
Property Management
15%
$289
CapEx
4%
$77
Vacancy
0%
$0
Maintenance
4%
$77
Other
25%
$482