This property looks like a bad Airbnb investment with a projected -11.6% first-year return on $117k initial cash invested.
-11.6%
Cash On Cash
3.89%
Cap Rate
0.61
DSCR
$4,081
Rent
-$1,128
Cashflow
Cash Flow
$4,081 income − $5,209 expenses = $1,128 out of pocket
Investment Breakdown
|
Purchase Price
$470k
Downpayment
20.0%
Interest Rate
7.0%
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
$4,081
Total Expenses
$5,209
Mortgage P&I
61%
$2,490
Property Taxes
15%
$597
Home Insurance
4%
$164
HOA
0%
$0
Property Management
15%
$612
CapEx
4%
$163
Vacancy
0%
$0
Maintenance
4%
$163
Other
25%
$1,020