This property looks like a bad Airbnb investment with a projected -25.72% first-year return on $119k initial cash invested.
-25.72%
Cash On Cash
0.53%
Cap Rate
0.08
DSCR
$1,029
Rent
-$2,550
Cashflow
Cash Flow
$1,029 income − $3,579 expenses = $2,550 out of pocket
Investment Breakdown
|
Purchase Price
$481k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$119k
Downpayment
20%
$96,160
Closing costs
1%
$4,808
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$1,029
Total Expenses
$3,579
Mortgage P&I
264%
$2,721
Property Taxes
19%
$192
Home Insurance
17%
$173
HOA
0%
$0
Property Management
15%
$154
CapEx
4%
$41
Vacancy
0%
$0
Maintenance
4%
$41
Other
25%
$257