This property looks like a bad Airbnb investment with a projected -24.46% first-year return on $117k initial cash invested.
-24.46%
Cash On Cash
0.92%
Cap Rate
0.14
DSCR
$2,724
Rent
-$2,378
Cashflow
Cash Flow
$2,724 income − $5,102 expenses = $2,378 out of pocket
Investment Breakdown
|
Purchase Price
$470k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$117k
Downpayment
20%
$93,980
Closing costs
1%
$4,699
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$2,724
Total Expenses
$5,102
Mortgage P&I
96%
$2,628
Property Taxes
30%
$827
Home Insurance
6%
$164
HOA
6%
$175
Property Management
15%
$409
CapEx
4%
$109
Vacancy
0%
$0
Maintenance
4%
$109
Other
25%
$681