This property looks like a bad Airbnb investment with a projected -17.25% first-year return on $119k initial cash invested.
-17.25%
Cash On Cash
2.21%
Cap Rate
0.35
DSCR
$2,429
Rent
-$1,704
Cashflow
Cash Flow
$2,429 income − $4,133 expenses = $1,704 out of pocket
Investment Breakdown
|
Purchase Price
$479k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$119k
Downpayment
20%
$95,780
Closing costs
1%
$4,789
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$2,429
Total Expenses
$4,133
Mortgage P&I
102%
$2,487
Property Taxes
13%
$309
Home Insurance
7%
$172
HOA
0%
$0
Property Management
15%
$364
CapEx
4%
$97
Vacancy
0%
$0
Maintenance
4%
$97
Other
25%
$607