This property looks like a bad Airbnb investment with a projected -11.74% first-year return on $119k initial cash invested.
-11.74%
Cash On Cash
4%
Cap Rate
0.61
DSCR
$4,006
Rent
-$1,164
Cashflow
Cash Flow
$4,006 income − $5,170 expenses = $1,164 out of pocket
Investment Breakdown
|
Purchase Price
$481k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$119k
Downpayment
20%
$96,140
Closing costs
1%
$4,807
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$4,006
Total Expenses
$5,170
Mortgage P&I
65%
$2,607
Property Taxes
12%
$472
Home Insurance
4%
$168
HOA
0%
$0
Property Management
15%
$601
CapEx
4%
$160
Vacancy
0%
$0
Maintenance
4%
$160
Other
25%
$1,002