This property looks like a bad Airbnb investment with a projected -18.14% first-year return on $118k initial cash invested.
-18.14%
Cash On Cash
2.15%
Cap Rate
0.34
DSCR
$2,719
Rent
-$1,783
Cashflow
Cash Flow
$2,719 income − $4,502 expenses = $1,783 out of pocket
Investment Breakdown
|
Purchase Price
$476k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$118k
Downpayment
20%
$95,160
Closing costs
1%
$4,758
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$2,719
Total Expenses
$4,502
Mortgage P&I
93%
$2,528
Property Taxes
18%
$498
Home Insurance
6%
$170
HOA
0%
$0
Property Management
15%
$408
CapEx
4%
$109
Vacancy
0%
$0
Maintenance
4%
$109
Other
25%
$680