This property looks like a bad Airbnb investment with a projected -13.89% first-year return on $120k initial cash invested.
-13.89%
Cash On Cash
3.56%
Cap Rate
0.53
DSCR
$3,263
Rent
-$1,388
Cashflow
Cash Flow
$3,263 income − $4,651 expenses = $1,388 out of pocket
Investment Breakdown
|
Purchase Price
$485k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$120k
Downpayment
20%
$97,040
Closing costs
1%
$4,852
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,263
Total Expenses
$4,651
Mortgage P&I
83%
$2,696
Property Taxes
4%
$139
Home Insurance
5%
$173
HOA
2%
$76
Property Management
15%
$489
CapEx
4%
$131
Vacancy
0%
$0
Maintenance
4%
$131
Other
25%
$816