This property looks like a bad Airbnb investment with a projected -15.89% first-year return on $122k initial cash invested.
-15.89%
Cash On Cash
3.09%
Cap Rate
0.46
DSCR
$3,363
Rent
-$1,619
Cashflow
Cash Flow
$3,363 income − $4,982 expenses = $1,619 out of pocket
Investment Breakdown
|
Purchase Price
$496k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$122k
Downpayment
20%
$99,280
Closing costs
1%
$4,964
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,363
Total Expenses
$4,982
Mortgage P&I
82%
$2,763
Property Taxes
13%
$429
Home Insurance
5%
$175
HOA
0%
$0
Property Management
15%
$504
CapEx
4%
$135
Vacancy
0%
$0
Maintenance
4%
$135
Other
25%
$841