This property looks like a bad Airbnb investment with a projected -21.2% first-year return on $120k initial cash invested.
-21.2%
Cash On Cash
1.64%
Cap Rate
0.25
DSCR
$2,633
Rent
-$2,124
Cashflow
Cash Flow
$2,633 income − $4,757 expenses = $2,124 out of pocket
Investment Breakdown
|
Purchase Price
$487k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$120k
Downpayment
20%
$97,360
Closing costs
1%
$4,868
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$2,633
Total Expenses
$4,757
Mortgage P&I
102%
$2,685
Property Taxes
21%
$551
Home Insurance
8%
$203
HOA
2%
$55
Property Management
15%
$395
CapEx
4%
$105
Vacancy
0%
$0
Maintenance
4%
$105
Other
25%
$658