This property looks like a bad Airbnb investment with a projected -16.29% first-year return on $119k initial cash invested.
-16.29%
Cash On Cash
2.38%
Cap Rate
0.39
DSCR
$2,244
Rent
-$1,619
Cashflow
Cash Flow
$2,244 income − $3,863 expenses = $1,619 out of pocket
Investment Breakdown
|
Purchase Price
$482k
Downpayment
20.0%
Interest Rate
6.7%
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
$2,244
Total Expenses
$3,863
Mortgage P&I
111%
$2,487
Property Taxes
5%
$123
Home Insurance
8%
$175
HOA
0%
$0
Property Management
15%
$337
CapEx
4%
$90
Vacancy
0%
$0
Maintenance
4%
$90
Other
25%
$561