This property looks like a bad Airbnb investment with a projected -14.54% first-year return on $117k initial cash invested.
-14.54%
Cash On Cash
3.26%
Cap Rate
0.5
DSCR
$3,180
Rent
-$1,415
Cashflow
Cash Flow
$3,180 income − $4,595 expenses = $1,415 out of pocket
Investment Breakdown
|
Purchase Price
$470k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$117k
Downpayment
20%
$94,040
Closing costs
1%
$4,702
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,180
Total Expenses
$4,595
Mortgage P&I
81%
$2,566
Property Taxes
11%
$337
Home Insurance
5%
$166
HOA
0%
$0
Property Management
15%
$477
CapEx
4%
$127
Vacancy
0%
$0
Maintenance
4%
$127
Other
25%
$795