This property looks like a bad Airbnb investment with a projected -16.07% first-year return on $119k initial cash invested.
-16.07%
Cash On Cash
2.5%
Cap Rate
0.4
DSCR
$2,837
Rent
-$1,594
Cashflow
Cash Flow
$2,837 income − $4,431 expenses = $1,594 out of pocket
Investment Breakdown
|
Purchase Price
$481k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$119k
Downpayment
20%
$96,200
Closing costs
1%
$4,810
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$2,837
Total Expenses
$4,431
Mortgage P&I
87%
$2,482
Property Taxes
12%
$348
Home Insurance
8%
$240
HOA
0%
$0
Property Management
15%
$426
CapEx
4%
$113
Vacancy
0%
$0
Maintenance
4%
$113
Other
25%
$709