This property looks like a bad Airbnb investment with a projected -14.17% first-year return on $120k initial cash invested.
-14.17%
Cash On Cash
3%
Cap Rate
0.49
DSCR
$3,582
Rent
-$1,415
Cashflow
Cash Flow
$3,582 income − $4,997 expenses = $1,415 out of pocket
Investment Breakdown
|
Purchase Price
$485k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$120k
Downpayment
20%
$96,980
Closing costs
1%
$4,849
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,582
Total Expenses
$4,997
Mortgage P&I
69%
$2,483
Property Taxes
17%
$620
Home Insurance
5%
$175
HOA
0%
$0
Property Management
15%
$537
CapEx
4%
$143
Vacancy
0%
$0
Maintenance
4%
$143
Other
25%
$896