This property looks like a bad Airbnb investment with a projected -20.09% first-year return on $118k initial cash invested.
-20.09%
Cash On Cash
1.92%
Cap Rate
0.29
DSCR
$2,645
Rent
-$1,980
Cashflow
Cash Flow
$2,645 income − $4,625 expenses = $1,980 out of pocket
Investment Breakdown
|
Purchase Price
$478k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$118k
Downpayment
20%
$95,500
Closing costs
1%
$4,775
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$2,645
Total Expenses
$4,625
Mortgage P&I
100%
$2,638
Property Taxes
20%
$542
Home Insurance
7%
$175
HOA
0%
$0
Property Management
15%
$397
CapEx
4%
$106
Vacancy
0%
$0
Maintenance
4%
$106
Other
25%
$661