This property looks like a bad Airbnb investment with a projected -16.6% first-year return on $119k initial cash invested.
-16.6%
Cash On Cash
2.81%
Cap Rate
0.43
DSCR
$3,505
Rent
-$1,643
Cashflow
Cash Flow
$3,505 income − $5,148 expenses = $1,643 out of pocket
Investment Breakdown
|
Purchase Price
$480k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$119k
Downpayment
20%
$95,940
Closing costs
1%
$4,797
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,505
Total Expenses
$5,148
Mortgage P&I
75%
$2,628
Property Taxes
19%
$668
Home Insurance
5%
$170
HOA
0%
$0
Property Management
15%
$526
CapEx
4%
$140
Vacancy
0%
$0
Maintenance
4%
$140
Other
25%
$876