This property looks like a bad Airbnb investment with a projected -25.36% first-year return on $117k initial cash invested.
-25.36%
Cash On Cash
0.49%
Cap Rate
0.07
DSCR
$1,675
Rent
-$2,476
Cashflow
Cash Flow
$1,675 income − $4,151 expenses = $2,476 out of pocket
Investment Breakdown
|
Purchase Price
$472k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$117k
Downpayment
20%
$94,460
Closing costs
1%
$4,723
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$1,675
Total Expenses
$4,151
Mortgage P&I
155%
$2,603
Property Taxes
26%
$443
Home Insurance
10%
$166
HOA
8%
$135
Property Management
15%
$251
CapEx
4%
$67
Vacancy
0%
$0
Maintenance
4%
$67
Other
25%
$419