This property looks like a bad Airbnb investment with a projected -20.61% first-year return on $118k initial cash invested.
-20.61%
Cash On Cash
1.24%
Cap Rate
0.2
DSCR
$1,322
Rent
-$2,022
Cashflow
Cash Flow
$1,322 income − $3,344 expenses = $2,022 out of pocket
Investment Breakdown
|
Purchase Price
$475k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$118k
Downpayment
20%
$95,000
Closing costs
1%
$4,750
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$1,322
Total Expenses
$3,344
Mortgage P&I
186%
$2,459
Property Taxes
6%
$85
Home Insurance
13%
$166
HOA
0%
$0
Property Management
15%
$198
CapEx
4%
$53
Vacancy
0%
$0
Maintenance
4%
$53
Other
25%
$330