This property looks like a bad Airbnb investment with a projected -13.15% first-year return on $117k initial cash invested.
-13.15%
Cash On Cash
3.21%
Cap Rate
0.52
DSCR
$3,091
Rent
-$1,279
Cashflow
Cash Flow
$3,091 income − $4,370 expenses = $1,279 out of pocket
Investment Breakdown
|
Purchase Price
$470k
Downpayment
20.0%
Interest Rate
6.7%
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
$3,091
Total Expenses
$4,370
Mortgage P&I
78%
$2,413
Property Taxes
10%
$306
Home Insurance
5%
$164
HOA
0%
$2
Property Management
15%
$464
CapEx
4%
$124
Vacancy
0%
$0
Maintenance
4%
$124
Other
25%
$773