This property looks like a bad Airbnb investment with a projected -15.62% first-year return on $117k initial cash invested.
-15.62%
Cash On Cash
2.57%
Cap Rate
0.42
DSCR
$2,935
Rent
-$1,526
Cashflow
Cash Flow
$2,935 income − $4,461 expenses = $1,526 out of pocket
Investment Breakdown
|
Purchase Price
$472k
Downpayment
20.0%
Interest Rate
6.6%
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
$2,935
Total Expenses
$4,461
Mortgage P&I
83%
$2,422
Property Taxes
16%
$463
Home Insurance
6%
$168
HOA
0%
$0
Property Management
15%
$440
CapEx
4%
$117
Vacancy
0%
$0
Maintenance
4%
$117
Other
25%
$734