This property looks like a bad Airbnb investment with a projected -11.86% first-year return on $119k initial cash invested.
-11.86%
Cash On Cash
4.12%
Cap Rate
0.61
DSCR
$3,532
Rent
-$1,174
Cashflow
Cash Flow
$3,532 income − $4,706 expenses = $1,174 out of pocket
Investment Breakdown
|
Purchase Price
$480k
Downpayment
20.0%
Interest Rate
7.5%
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
$3,532
Total Expenses
$4,706
Mortgage P&I
76%
$2,681
Property Taxes
3%
$112
Home Insurance
5%
$168
HOA
1%
$50
Property Management
15%
$530
CapEx
4%
$141
Vacancy
0%
$0
Maintenance
4%
$141
Other
25%
$883