This property looks like a bad Airbnb investment with a projected -16.31% first-year return on $119k initial cash invested.
-16.31%
Cash On Cash
2.46%
Cap Rate
0.4
DSCR
$3,124
Rent
-$1,618
Cashflow
Cash Flow
$3,124 income − $4,742 expenses = $1,618 out of pocket
Investment Breakdown
|
Purchase Price
$481k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$119k
Downpayment
20%
$96,260
Closing costs
1%
$4,813
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,124
Total Expenses
$4,742
Mortgage P&I
79%
$2,481
Property Taxes
19%
$598
Home Insurance
5%
$163
HOA
0%
$0
Property Management
15%
$469
CapEx
4%
$125
Vacancy
0%
$0
Maintenance
4%
$125
Other
25%
$781