This property looks like a bad Airbnb investment with a projected -21.61% first-year return on $119k initial cash invested.
-21.61%
Cash On Cash
1.58%
Cap Rate
0.24
DSCR
$2,697
Rent
-$2,139
Cashflow
Cash Flow
$2,697 income − $4,836 expenses = $2,139 out of pocket
Investment Breakdown
|
Purchase Price
$480k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$119k
Downpayment
20%
$95,980
Closing costs
1%
$4,799
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$2,697
Total Expenses
$4,836
Mortgage P&I
99%
$2,664
Property Taxes
26%
$709
Home Insurance
6%
$168
HOA
0%
$0
Property Management
15%
$405
CapEx
4%
$108
Vacancy
0%
$0
Maintenance
4%
$108
Other
25%
$674