This property looks like a bad Airbnb investment with a projected -16.18% first-year return on $119k initial cash invested.
-16.18%
Cash On Cash
2.89%
Cap Rate
0.44
DSCR
$3,200
Rent
-$1,604
Cashflow
Cash Flow
$3,200 income − $4,804 expenses = $1,604 out of pocket
Investment Breakdown
|
Purchase Price
$481k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$119k
Downpayment
20%
$96,180
Closing costs
1%
$4,809
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,200
Total Expenses
$4,804
Mortgage P&I
82%
$2,635
Property Taxes
14%
$461
Home Insurance
5%
$172
HOA
0%
$0
Property Management
15%
$480
CapEx
4%
$128
Vacancy
0%
$0
Maintenance
4%
$128
Other
25%
$800