This property looks like a bad Airbnb investment with a projected -20.5% first-year return on $119k initial cash invested.
-20.5%
Cash On Cash
1.85%
Cap Rate
0.28
DSCR
$2,092
Rent
-$2,027
Cashflow
Cash Flow
$2,092 income − $4,119 expenses = $2,027 out of pocket
Investment Breakdown
|
Purchase Price
$479k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$119k
Downpayment
20%
$95,880
Closing costs
1%
$4,794
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$2,092
Total Expenses
$4,119
Mortgage P&I
128%
$2,682
Property Taxes
12%
$243
Home Insurance
8%
$172
HOA
1%
$17
Property Management
15%
$314
CapEx
4%
$84
Vacancy
0%
$0
Maintenance
4%
$84
Other
25%
$523