This property looks like a bad Airbnb investment with a projected -18.49% first-year return on $119k initial cash invested.
-18.49%
Cash On Cash
1.65%
Cap Rate
0.27
DSCR
$1,881
Rent
-$1,828
Cashflow
Cash Flow
$1,881 income − $3,709 expenses = $1,828 out of pocket
Investment Breakdown
|
Purchase Price
$479k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$119k
Downpayment
20%
$95,820
Closing costs
1%
$4,791
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$1,881
Total Expenses
$3,709
Mortgage P&I
128%
$2,413
Property Taxes
10%
$191
Home Insurance
11%
$203
HOA
0%
$0
Property Management
15%
$282
CapEx
4%
$75
Vacancy
0%
$0
Maintenance
4%
$75
Other
25%
$470