This property looks like a bad Airbnb investment with a projected -16.68% first-year return on $119k initial cash invested.
-16.68%
Cash On Cash
2.64%
Cap Rate
0.41
DSCR
$2,882
Rent
-$1,649
Cashflow
Cash Flow
$2,882 income − $4,531 expenses = $1,649 out of pocket
Investment Breakdown
|
Purchase Price
$479k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$119k
Downpayment
20%
$95,840
Closing costs
1%
$4,792
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$2,882
Total Expenses
$4,531
Mortgage P&I
90%
$2,588
Property Taxes
14%
$391
Home Insurance
6%
$170
HOA
0%
$0
Property Management
15%
$432
CapEx
4%
$115
Vacancy
0%
$0
Maintenance
4%
$115
Other
25%
$720