This property looks like a bad Airbnb investment with a projected -24.36% first-year return on $119k initial cash invested.
-24.36%
Cash On Cash
0.89%
Cap Rate
0.13
DSCR
$1,574
Rent
-$2,413
Cashflow
Cash Flow
$1,574 income − $3,987 expenses = $2,413 out of pocket
Investment Breakdown
|
Purchase Price
$480k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$119k
Downpayment
20%
$96,060
Closing costs
1%
$4,803
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$1,574
Total Expenses
$3,987
Mortgage P&I
172%
$2,708
Property Taxes
23%
$355
Home Insurance
11%
$168
HOA
0%
$0
Property Management
15%
$236
CapEx
4%
$63
Vacancy
0%
$0
Maintenance
4%
$63
Other
25%
$394