This property looks like a bad Airbnb investment with a projected -12.49% first-year return on $117k initial cash invested.
-12.49%
Cash On Cash
3.44%
Cap Rate
0.55
DSCR
$2,968
Rent
-$1,217
Cashflow
Cash Flow
$2,968 income − $4,185 expenses = $1,217 out of pocket
Investment Breakdown
|
Purchase Price
$471k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$117k
Downpayment
20%
$94,240
Closing costs
1%
$4,712
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$2,968
Total Expenses
$4,185
Mortgage P&I
82%
$2,448
Property Taxes
5%
$142
Home Insurance
6%
$170
HOA
0%
$0
Property Management
15%
$445
CapEx
4%
$119
Vacancy
0%
$0
Maintenance
4%
$119
Other
25%
$742