This property looks like a bad Airbnb investment with a projected -21.04% first-year return on $119k initial cash invested.
-21.04%
Cash On Cash
1.51%
Cap Rate
0.23
DSCR
$2,671
Rent
-$2,079
Cashflow
Cash Flow
$2,671 income − $4,750 expenses = $2,079 out of pocket
Investment Breakdown
|
Purchase Price
$479k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$119k
Downpayment
20%
$95,800
Closing costs
1%
$4,790
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$2,671
Total Expenses
$4,750
Mortgage P&I
96%
$2,573
Property Taxes
24%
$631
Home Insurance
6%
$168
HOA
4%
$95
Property Management
15%
$401
CapEx
4%
$107
Vacancy
0%
$0
Maintenance
4%
$107
Other
25%
$668