This property looks like a bad Airbnb investment with a projected -17.78% first-year return on $120k initial cash invested.
-17.78%
Cash On Cash
1.91%
Cap Rate
0.31
DSCR
$2,206
Rent
-$1,774
Cashflow
Cash Flow
$2,206 income − $3,980 expenses = $1,774 out of pocket
Investment Breakdown
|
Purchase Price
$484k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$120k
Downpayment
20%
$96,880
Closing costs
1%
$4,844
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$2,206
Total Expenses
$3,980
Mortgage P&I
111%
$2,457
Property Taxes
13%
$291
Home Insurance
8%
$173
HOA
0%
$0
Property Management
15%
$331
CapEx
4%
$88
Vacancy
0%
$0
Maintenance
4%
$88
Other
25%
$552