This property looks like a bad Airbnb investment with a projected -18.17% first-year return on $122k initial cash invested.
-18.17%
Cash On Cash
2.11%
Cap Rate
0.33
DSCR
$1,878
Rent
-$1,847
Cashflow
Cash Flow
$1,878 income − $3,725 expenses = $1,847 out of pocket
Investment Breakdown
|
Purchase Price
$495k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$122k
Downpayment
20%
$99,060
Closing costs
1%
$4,953
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$1,878
Total Expenses
$3,725
Mortgage P&I
141%
$2,644
Property Taxes
1%
$21
Home Insurance
8%
$158
HOA
0%
$0
Property Management
15%
$282
CapEx
4%
$75
Vacancy
0%
$0
Maintenance
4%
$75
Other
25%
$470