This property looks like a bad Airbnb investment with a projected -16.87% first-year return on $120k initial cash invested.
-16.87%
Cash On Cash
2.57%
Cap Rate
0.4
DSCR
$3,440
Rent
-$1,681
Cashflow
Cash Flow
$3,440 income − $5,121 expenses = $1,681 out of pocket
Investment Breakdown
|
Purchase Price
$484k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$120k
Downpayment
20%
$96,740
Closing costs
1%
$4,837
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,440
Total Expenses
$5,121
Mortgage P&I
75%
$2,577
Property Taxes
20%
$682
Home Insurance
6%
$210
HOA
0%
$0
Property Management
15%
$516
CapEx
4%
$138
Vacancy
0%
$0
Maintenance
4%
$138
Other
25%
$860