This property looks like a bad Airbnb investment with a projected -18.12% first-year return on $119k initial cash invested.
-18.12%
Cash On Cash
2.05%
Cap Rate
0.32
DSCR
$2,278
Rent
-$1,794
Cashflow
Cash Flow
$2,278 income − $4,072 expenses = $1,794 out of pocket
Investment Breakdown
|
Purchase Price
$480k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$119k
Downpayment
20%
$96,000
Closing costs
1%
$4,800
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$2,278
Total Expenses
$4,072
Mortgage P&I
111%
$2,522
Property Taxes
13%
$288
Home Insurance
7%
$168
HOA
0%
$0
Property Management
15%
$342
CapEx
4%
$91
Vacancy
0%
$0
Maintenance
4%
$91
Other
25%
$570