This property looks like a bad Airbnb investment with a projected -13.07% first-year return on $117k initial cash invested.
-13.07%
Cash On Cash
3.22%
Cap Rate
0.52
DSCR
$3,237
Rent
-$1,278
Cashflow
Cash Flow
$3,237 income − $4,515 expenses = $1,278 out of pocket
Investment Breakdown
|
Purchase Price
$473k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$117k
Downpayment
20%
$94,580
Closing costs
1%
$4,729
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,237
Total Expenses
$4,515
Mortgage P&I
75%
$2,417
Property Taxes
12%
$382
Home Insurance
5%
$163
HOA
0%
$0
Property Management
15%
$486
CapEx
4%
$129
Vacancy
0%
$0
Maintenance
4%
$129
Other
25%
$809