This property looks like a bad Airbnb investment with a projected -22.42% first-year return on $119k initial cash invested.
-22.42%
Cash On Cash
0.84%
Cap Rate
0.13
DSCR
$1,587
Rent
-$2,215
Cashflow
Cash Flow
$1,587 income − $3,802 expenses = $2,215 out of pocket
Investment Breakdown
|
Purchase Price
$479k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$119k
Downpayment
20%
$95,780
Closing costs
1%
$4,789
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$1,587
Total Expenses
$3,802
Mortgage P&I
157%
$2,487
Property Taxes
26%
$405
Home Insurance
9%
$149
HOA
0%
$0
Property Management
15%
$238
CapEx
4%
$63
Vacancy
0%
$0
Maintenance
4%
$63
Other
25%
$397