This property looks like a bad Airbnb investment with a projected -20.91% first-year return on $119k initial cash invested.
-20.91%
Cash On Cash
1.32%
Cap Rate
0.21
DSCR
$2,468
Rent
-$2,079
Cashflow
Cash Flow
$2,468 income − $4,547 expenses = $2,079 out of pocket
Investment Breakdown
|
Purchase Price
$483k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$119k
Downpayment
20%
$96,500
Closing costs
1%
$4,825
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$2,468
Total Expenses
$4,547
Mortgage P&I
102%
$2,509
Property Taxes
27%
$669
Home Insurance
7%
$184
HOA
0%
$0
Property Management
15%
$370
CapEx
4%
$99
Vacancy
0%
$0
Maintenance
4%
$99
Other
25%
$617