This property looks like a bad Airbnb investment with a projected -11.77% first-year return on $118k initial cash invested.
-11.77%
Cash On Cash
4.14%
Cap Rate
0.62
DSCR
$4,063
Rent
-$1,156
Cashflow
Cash Flow
$4,063 income − $5,219 expenses = $1,156 out of pocket
Investment Breakdown
|
Purchase Price
$476k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$118k
Downpayment
20%
$95,120
Closing costs
1%
$4,756
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$4,063
Total Expenses
$5,219
Mortgage P&I
65%
$2,635
Property Taxes
11%
$447
Home Insurance
4%
$168
HOA
0%
$18
Property Management
15%
$609
CapEx
4%
$163
Vacancy
0%
$0
Maintenance
4%
$163
Other
25%
$1,016