This property looks like a bad Airbnb investment with a projected -19.42% first-year return on $121k initial cash invested.
-19.42%
Cash On Cash
2.13%
Cap Rate
0.32
DSCR
$2,860
Rent
-$1,953
Cashflow
Cash Flow
$2,860 income − $4,813 expenses = $1,953 out of pocket
Investment Breakdown
|
Purchase Price
$489k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$121k
Downpayment
20%
$97,800
Closing costs
1%
$4,890
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$2,860
Total Expenses
$4,813
Mortgage P&I
95%
$2,705
Property Taxes
20%
$562
Home Insurance
6%
$174
HOA
0%
$0
Property Management
15%
$429
CapEx
4%
$114
Vacancy
0%
$0
Maintenance
4%
$114
Other
25%
$715