This property looks like a bad Airbnb investment with a projected -14.02% first-year return on $119k initial cash invested.
-14.02%
Cash On Cash
3.02%
Cap Rate
0.49
DSCR
$3,174
Rent
-$1,396
Cashflow
Cash Flow
$3,174 income − $4,570 expenses = $1,396 out of pocket
Investment Breakdown
|
Purchase Price
$483k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$119k
Downpayment
20%
$96,620
Closing costs
1%
$4,831
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,174
Total Expenses
$4,570
Mortgage P&I
78%
$2,483
Property Taxes
11%
$343
Home Insurance
7%
$220
HOA
0%
$0
Property Management
15%
$476
CapEx
4%
$127
Vacancy
0%
$0
Maintenance
4%
$127
Other
25%
$794