This property looks like a bad Airbnb investment with a projected -15.07% first-year return on $118k initial cash invested.
-15.07%
Cash On Cash
3.08%
Cap Rate
0.47
DSCR
$2,912
Rent
-$1,482
Cashflow
Cash Flow
$2,912 income − $4,394 expenses = $1,482 out of pocket
Investment Breakdown
|
Purchase Price
$476k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$118k
Downpayment
20%
$95,240
Closing costs
1%
$4,762
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$2,912
Total Expenses
$4,394
Mortgage P&I
89%
$2,589
Property Taxes
8%
$233
Home Insurance
6%
$175
HOA
0%
$0
Property Management
15%
$437
CapEx
4%
$116
Vacancy
0%
$0
Maintenance
4%
$116
Other
25%
$728