This property looks like a bad Airbnb investment with a projected -15.98% first-year return on $118k initial cash invested.
-15.98%
Cash On Cash
2.46%
Cap Rate
0.4
DSCR
$2,960
Rent
-$1,578
Cashflow
Cash Flow
$2,960 income − $4,538 expenses = $1,578 out of pocket
Investment Breakdown
|
Purchase Price
$478k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$118k
Downpayment
20%
$95,680
Closing costs
1%
$4,784
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$2,960
Total Expenses
$4,538
Mortgage P&I
83%
$2,442
Property Taxes
17%
$510
Home Insurance
6%
$166
HOA
0%
$0
Property Management
15%
$444
CapEx
4%
$118
Vacancy
0%
$0
Maintenance
4%
$118
Other
25%
$740