This property looks like a bad Airbnb investment with a projected -16.41% first-year return on $117k initial cash invested.
-16.41%
Cash On Cash
2.32%
Cap Rate
0.38
DSCR
$2,359
Rent
-$1,598
Cashflow
Cash Flow
$2,359 income − $3,957 expenses = $1,598 out of pocket
Investment Breakdown
|
Purchase Price
$471k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$117k
Downpayment
20%
$94,140
Closing costs
1%
$4,707
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$2,359
Total Expenses
$3,957
Mortgage P&I
102%
$2,415
Property Taxes
10%
$232
Home Insurance
7%
$170
HOA
0%
$8
Property Management
15%
$354
CapEx
4%
$94
Vacancy
0%
$0
Maintenance
4%
$94
Other
25%
$590