This property looks like a bad Airbnb investment with a projected -17.17% first-year return on $118k initial cash invested.
-17.17%
Cash On Cash
2.58%
Cap Rate
0.39
DSCR
$2,831
Rent
-$1,688
Cashflow
Cash Flow
$2,831 income − $4,519 expenses = $1,688 out of pocket
Investment Breakdown
|
Purchase Price
$476k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$118k
Downpayment
20%
$95,200
Closing costs
1%
$4,760
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$2,831
Total Expenses
$4,519
Mortgage P&I
92%
$2,598
Property Taxes
13%
$373
Home Insurance
7%
$189
HOA
0%
$0
Property Management
15%
$425
CapEx
4%
$113
Vacancy
0%
$0
Maintenance
4%
$113
Other
25%
$708