This property looks like a bad Airbnb investment with a projected -14.63% first-year return on $119k initial cash invested.
-14.63%
Cash On Cash
3.23%
Cap Rate
0.5
DSCR
$3,403
Rent
-$1,448
Cashflow
Cash Flow
$3,403 income − $4,851 expenses = $1,448 out of pocket
Investment Breakdown
|
Purchase Price
$480k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$119k
Downpayment
20%
$95,980
Closing costs
1%
$4,799
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,403
Total Expenses
$4,851
Mortgage P&I
76%
$2,602
Property Taxes
13%
$448
Home Insurance
5%
$168
HOA
0%
$0
Property Management
15%
$510
CapEx
4%
$136
Vacancy
0%
$0
Maintenance
4%
$136
Other
25%
$851