This property looks like a bad Airbnb investment with a projected -19.6% first-year return on $118k initial cash invested.
-19.6%
Cash On Cash
1.65%
Cap Rate
0.26
DSCR
$1,579
Rent
-$1,935
Cashflow
Cash Flow
$1,579 income − $3,514 expenses = $1,935 out of pocket
Investment Breakdown
|
Purchase Price
$478k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$118k
Downpayment
20%
$95,660
Closing costs
1%
$4,783
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$1,579
Total Expenses
$3,514
Mortgage P&I
160%
$2,529
Property Taxes
3%
$52
Home Insurance
11%
$175
HOA
0%
$0
Property Management
15%
$237
CapEx
4%
$63
Vacancy
0%
$0
Maintenance
4%
$63
Other
25%
$395