This property looks like a bad Airbnb investment with a projected -20.27% first-year return on $120k initial cash invested.
-20.27%
Cash On Cash
1.39%
Cap Rate
0.23
DSCR
$2,238
Rent
-$2,025
Cashflow
Cash Flow
$2,238 income − $4,263 expenses = $2,025 out of pocket
Investment Breakdown
|
Purchase Price
$485k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$120k
Downpayment
20%
$97,020
Closing costs
1%
$4,851
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$2,238
Total Expenses
$4,263
Mortgage P&I
112%
$2,498
Property Taxes
23%
$514
Home Insurance
8%
$175
HOA
0%
$0
Property Management
15%
$336
CapEx
4%
$90
Vacancy
0%
$0
Maintenance
4%
$90
Other
25%
$560