This property looks like a bad Airbnb investment with a projected -18.37% first-year return on $120k initial cash invested.
-18.37%
Cash On Cash
2.51%
Cap Rate
0.38
DSCR
$3,975
Rent
-$1,831
Cashflow
Cash Flow
$3,975 income − $5,806 expenses = $1,831 out of pocket
Investment Breakdown
|
Purchase Price
$484k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$120k
Downpayment
20%
$96,760
Closing costs
1%
$4,838
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,975
Total Expenses
$5,806
Mortgage P&I
68%
$2,684
Property Taxes
25%
$984
Home Insurance
4%
$172
HOA
1%
$58
Property Management
15%
$596
CapEx
4%
$159
Vacancy
0%
$0
Maintenance
4%
$159
Other
25%
$994