This property looks like a bad Airbnb investment with a projected -15.68% first-year return on $119k initial cash invested.
-15.68%
Cash On Cash
2.64%
Cap Rate
0.42
DSCR
$2,685
Rent
-$1,549
Cashflow
Cash Flow
$2,685 income − $4,234 expenses = $1,549 out of pocket
Investment Breakdown
|
Purchase Price
$479k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$119k
Downpayment
20%
$95,740
Closing costs
1%
$4,787
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$2,685
Total Expenses
$4,234
Mortgage P&I
93%
$2,495
Property Taxes
10%
$281
Home Insurance
6%
$170
HOA
0%
$0
Property Management
15%
$403
CapEx
4%
$107
Vacancy
0%
$0
Maintenance
4%
$107
Other
25%
$671