This property looks like a bad Airbnb investment with a projected -14.4% first-year return on $118k initial cash invested.
-14.4%
Cash On Cash
3.45%
Cap Rate
0.51
DSCR
$3,058
Rent
-$1,420
Cashflow
Cash Flow
$3,058 income − $4,478 expenses = $1,420 out of pocket
Investment Breakdown
|
Purchase Price
$478k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$118k
Downpayment
20%
$95,580
Closing costs
1%
$4,779
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,058
Total Expenses
$4,478
Mortgage P&I
87%
$2,670
Property Taxes
5%
$151
Home Insurance
5%
$167
HOA
1%
$23
Property Management
15%
$459
CapEx
4%
$122
Vacancy
0%
$0
Maintenance
4%
$122
Other
25%
$764