This property looks like a bad Airbnb investment with a projected -16.94% first-year return on $119k initial cash invested.
-16.94%
Cash On Cash
2.12%
Cap Rate
0.35
DSCR
$2,072
Rent
-$1,675
Cashflow
Cash Flow
$2,072 income − $3,747 expenses = $1,675 out of pocket
Investment Breakdown
|
Purchase Price
$479k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$119k
Downpayment
20%
$95,840
Closing costs
1%
$4,792
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$2,072
Total Expenses
$3,747
Mortgage P&I
118%
$2,437
Property Taxes
5%
$103
Home Insurance
8%
$172
HOA
2%
$40
Property Management
15%
$311
CapEx
4%
$83
Vacancy
0%
$0
Maintenance
4%
$83
Other
25%
$518