This property looks like a bad Airbnb investment with a projected -15.25% first-year return on $121k initial cash invested.
-15.25%
Cash On Cash
2.71%
Cap Rate
0.44
DSCR
$2,929
Rent
-$1,536
Cashflow
Cash Flow
$2,929 income − $4,465 expenses = $1,536 out of pocket
Investment Breakdown
|
Purchase Price
$490k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$121k
Downpayment
20%
$97,980
Closing costs
1%
$4,899
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$2,929
Total Expenses
$4,465
Mortgage P&I
86%
$2,524
Property Taxes
12%
$364
Home Insurance
6%
$172
HOA
0%
$0
Property Management
15%
$439
CapEx
4%
$117
Vacancy
0%
$0
Maintenance
4%
$117
Other
25%
$732