This property looks like a bad Airbnb investment with a projected -18.23% first-year return on $120k initial cash invested.
-18.23%
Cash On Cash
2.38%
Cap Rate
0.36
DSCR
$2,391
Rent
-$1,821
Cashflow
Cash Flow
$2,391 income − $4,212 expenses = $1,821 out of pocket
Investment Breakdown
|
Purchase Price
$485k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$120k
Downpayment
20%
$97,000
Closing costs
1%
$4,850
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$2,391
Total Expenses
$4,212
Mortgage P&I
112%
$2,685
Property Taxes
9%
$208
Home Insurance
7%
$170
HOA
0%
$0
Property Management
15%
$359
CapEx
4%
$96
Vacancy
0%
$0
Maintenance
4%
$96
Other
25%
$598