This property looks like a bad Airbnb investment with a projected -11.63% first-year return on $121k initial cash invested.
-11.63%
Cash On Cash
4.22%
Cap Rate
0.63
DSCR
$4,155
Rent
-$1,168
Cashflow
Cash Flow
$4,155 income − $5,323 expenses = $1,168 out of pocket
Investment Breakdown
|
Purchase Price
$488k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$121k
Downpayment
20%
$97,620
Closing costs
1%
$4,881
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$4,155
Total Expenses
$5,323
Mortgage P&I
65%
$2,720
Property Taxes
10%
$436
Home Insurance
4%
$173
HOA
0%
$0
Property Management
15%
$623
CapEx
4%
$166
Vacancy
0%
$0
Maintenance
4%
$166
Other
25%
$1,039