This property looks like a bad Airbnb investment with a projected -17.14% first-year return on $121k initial cash invested.
-17.14%
Cash On Cash
2.16%
Cap Rate
0.35
DSCR
$2,910
Rent
-$1,732
Cashflow
Cash Flow
$2,910 income − $4,642 expenses = $1,732 out of pocket
Investment Breakdown
|
Purchase Price
$492k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$121k
Downpayment
20%
$98,340
Closing costs
1%
$4,917
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$2,910
Total Expenses
$4,642
Mortgage P&I
86%
$2,502
Property Taxes
20%
$572
Home Insurance
6%
$172
HOA
0%
$0
Property Management
15%
$436
CapEx
4%
$116
Vacancy
0%
$0
Maintenance
4%
$116
Other
25%
$728