This property looks like a bad Airbnb investment with a projected -14.9% first-year return on $119k initial cash invested.
-14.9%
Cash On Cash
3.14%
Cap Rate
0.48
DSCR
$3,419
Rent
-$1,477
Cashflow
Cash Flow
$3,419 income − $4,896 expenses = $1,477 out of pocket
Investment Breakdown
|
Purchase Price
$481k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$119k
Downpayment
20%
$96,160
Closing costs
1%
$4,808
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,419
Total Expenses
$4,896
Mortgage P&I
76%
$2,597
Property Taxes
14%
$482
Home Insurance
5%
$175
HOA
0%
$0
Property Management
15%
$513
CapEx
4%
$137
Vacancy
0%
$0
Maintenance
4%
$137
Other
25%
$855