This property looks like a bad Airbnb investment with a projected -14.2% first-year return on $120k initial cash invested.
-14.2%
Cash On Cash
2.79%
Cap Rate
0.46
DSCR
$2,907
Rent
-$1,415
Cashflow
Cash Flow
$2,907 income − $4,322 expenses = $1,415 out of pocket
Investment Breakdown
|
Purchase Price
$484k
Downpayment
20.0%
Interest Rate
6.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$120k
Downpayment
20%
$96,720
Closing costs
1%
$4,836
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$2,907
Total Expenses
$4,322
Mortgage P&I
83%
$2,422
Property Taxes
11%
$334
Home Insurance
6%
$171
HOA
0%
$0
Property Management
15%
$436
CapEx
4%
$116
Vacancy
0%
$0
Maintenance
4%
$116
Other
25%
$727