This property looks like a bad Airbnb investment with a projected -19.34% first-year return on $118k initial cash invested.
-19.34%
Cash On Cash
1.56%
Cap Rate
0.25
DSCR
$1,705
Rent
-$1,901
Cashflow
Cash Flow
$1,705 income − $3,606 expenses = $1,901 out of pocket
Investment Breakdown
|
Purchase Price
$476k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$118k
Downpayment
20%
$95,180
Closing costs
1%
$4,759
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$1,705
Total Expenses
$3,606
Mortgage P&I
144%
$2,452
Property Taxes
10%
$169
Home Insurance
10%
$167
HOA
0%
$0
Property Management
15%
$256
CapEx
4%
$68
Vacancy
0%
$0
Maintenance
4%
$68
Other
25%
$426