This property looks like a bad Airbnb investment with a projected -19.86% first-year return on $119k initial cash invested.
-19.86%
Cash On Cash
1.34%
Cap Rate
0.22
DSCR
$2,651
Rent
-$1,966
Cashflow
Cash Flow
$2,651 income − $4,617 expenses = $1,966 out of pocket
Investment Breakdown
|
Purchase Price
$480k
Downpayment
20.0%
Interest Rate
6.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$119k
Downpayment
20%
$96,020
Closing costs
1%
$4,801
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$2,651
Total Expenses
$4,617
Mortgage P&I
90%
$2,396
Property Taxes
30%
$800
Home Insurance
5%
$138
HOA
0%
$10
Property Management
15%
$398
CapEx
4%
$106
Vacancy
0%
$0
Maintenance
4%
$106
Other
25%
$663