This property looks like a bad Airbnb investment with a projected -17.59% first-year return on $118k initial cash invested.
-17.59%
Cash On Cash
2.13%
Cap Rate
0.34
DSCR
$2,865
Rent
-$1,726
Cashflow
Cash Flow
$2,865 income − $4,591 expenses = $1,726 out of pocket
Investment Breakdown
|
Purchase Price
$475k
Downpayment
20.0%
Interest Rate
6.7%
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
$2,865
Total Expenses
$4,591
Mortgage P&I
86%
$2,455
Property Taxes
20%
$562
Home Insurance
6%
$166
HOA
1%
$32
Property Management
15%
$430
CapEx
4%
$115
Vacancy
0%
$0
Maintenance
4%
$115
Other
25%
$716