This property looks like a bad Airbnb investment with a projected -16.15% first-year return on $117k initial cash invested.
-16.15%
Cash On Cash
2.92%
Cap Rate
0.44
DSCR
$3,504
Rent
-$1,577
Cashflow
Cash Flow
$3,504 income − $5,081 expenses = $1,577 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%
$94,480
Closing costs
1%
$4,724
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,504
Total Expenses
$5,081
Mortgage P&I
74%
$2,588
Property Taxes
18%
$636
Home Insurance
5%
$175
HOA
0%
$0
Property Management
15%
$526
CapEx
4%
$140
Vacancy
0%
$0
Maintenance
4%
$140
Other
25%
$876