This property looks like a bad Airbnb investment with a projected -18.59% first-year return on $119k initial cash invested.
-18.59%
Cash On Cash
1.96%
Cap Rate
0.31
DSCR
$2,625
Rent
-$1,840
Cashflow
Cash Flow
$2,625 income − $4,465 expenses = $1,840 out of pocket
Investment Breakdown
|
Purchase Price
$480k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$119k
Downpayment
20%
$96,000
Closing costs
1%
$4,800
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$2,625
Total Expenses
$4,465
Mortgage P&I
96%
$2,519
Property Taxes
18%
$484
Home Insurance
6%
$168
HOA
1%
$34
Property Management
15%
$394
CapEx
4%
$105
Vacancy
0%
$0
Maintenance
4%
$105
Other
25%
$656