This property looks like a bad Airbnb investment with a projected -13.52% first-year return on $120k initial cash invested.
-13.52%
Cash On Cash
3.66%
Cap Rate
0.55
DSCR
$3,672
Rent
-$1,355
Cashflow
Cash Flow
$3,672 income − $5,027 expenses = $1,355 out of pocket
Investment Breakdown
|
Purchase Price
$487k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$120k
Downpayment
20%
$97,400
Closing costs
1%
$4,870
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,672
Total Expenses
$5,027
Mortgage P&I
73%
$2,694
Property Taxes
12%
$430
Home Insurance
4%
$140
HOA
0%
$0
Property Management
15%
$551
CapEx
4%
$147
Vacancy
0%
$0
Maintenance
4%
$147
Other
25%
$918