This property looks like a bad Airbnb investment with a projected -12.58% first-year return on $119k initial cash invested.
-12.58%
Cash On Cash
3.75%
Cap Rate
0.58
DSCR
$3,770
Rent
-$1,250
Cashflow
Cash Flow
$3,770 income − $5,020 expenses = $1,250 out of pocket
Investment Breakdown
|
Purchase Price
$482k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$119k
Downpayment
20%
$96,420
Closing costs
1%
$4,821
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,770
Total Expenses
$5,020
Mortgage P&I
69%
$2,607
Property Taxes
11%
$432
Home Insurance
5%
$171
HOA
0%
$0
Property Management
15%
$566
CapEx
4%
$151
Vacancy
0%
$0
Maintenance
4%
$151
Other
25%
$942