This property looks like a bad Airbnb investment with a projected -12.81% first-year return on $120k initial cash invested.
-12.81%
Cash On Cash
3.82%
Cap Rate
0.58
DSCR
$3,775
Rent
-$1,279
Cashflow
Cash Flow
$3,775 income − $5,054 expenses = $1,279 out of pocket
Investment Breakdown
|
Purchase Price
$485k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$120k
Downpayment
20%
$97,000
Closing costs
1%
$4,850
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,775
Total Expenses
$5,054
Mortgage P&I
71%
$2,673
Property Taxes
7%
$267
Home Insurance
5%
$170
HOA
4%
$132
Property Management
15%
$566
CapEx
4%
$151
Vacancy
0%
$0
Maintenance
4%
$151
Other
25%
$944