This property looks like a bad Airbnb investment with a projected -16.22% first-year return on $118k initial cash invested.
-16.22%
Cash On Cash
2.42%
Cap Rate
0.39
DSCR
$2,955
Rent
-$1,592
Cashflow
Cash Flow
$2,955 income − $4,547 expenses = $1,592 out of pocket
Investment Breakdown
|
Purchase Price
$475k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$118k
Downpayment
20%
$95,000
Closing costs
1%
$4,750
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$2,955
Total Expenses
$4,547
Mortgage P&I
82%
$2,433
Property Taxes
18%
$530
Home Insurance
6%
$166
HOA
0%
$0
Property Management
15%
$443
CapEx
4%
$118
Vacancy
0%
$0
Maintenance
4%
$118
Other
25%
$739