This property looks like a bad Airbnb investment with a projected -18.46% first-year return on $119k initial cash invested.
-18.46%
Cash On Cash
1.83%
Cap Rate
0.3
DSCR
$2,410
Rent
-$1,827
Cashflow
Cash Flow
$2,410 income − $4,237 expenses = $1,827 out of pocket
Investment Breakdown
|
Purchase Price
$480k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$119k
Downpayment
20%
$95,980
Closing costs
1%
$4,799
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$2,410
Total Expenses
$4,237
Mortgage P&I
102%
$2,461
Property Taxes
19%
$452
Home Insurance
7%
$168
HOA
0%
$0
Property Management
15%
$362
CapEx
4%
$96
Vacancy
0%
$0
Maintenance
4%
$96
Other
25%
$602