This property looks like a bad Airbnb investment with a projected -15.8% first-year return on $119k initial cash invested.
-15.8%
Cash On Cash
2.52%
Cap Rate
0.41
DSCR
$2,648
Rent
-$1,561
Cashflow
Cash Flow
$2,648 income − $4,209 expenses = $1,561 out of pocket
Investment Breakdown
|
Purchase Price
$479k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$119k
Downpayment
20%
$95,800
Closing costs
1%
$4,790
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$2,648
Total Expenses
$4,209
Mortgage P&I
93%
$2,460
Property Taxes
12%
$310
Home Insurance
6%
$168
HOA
0%
$0
Property Management
15%
$397
CapEx
4%
$106
Vacancy
0%
$0
Maintenance
4%
$106
Other
25%
$662