This property looks like a bad Airbnb investment with a projected -11.23% first-year return on $122k initial cash invested.
-11.23%
Cash On Cash
3.69%
Cap Rate
0.6
DSCR
$3,137
Rent
-$1,140
Cashflow
Cash Flow
$3,137 income − $4,277 expenses = $1,140 out of pocket
Investment Breakdown
|
Purchase Price
$494k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$122k
Downpayment
20%
$98,880
Closing costs
1%
$4,944
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,137
Total Expenses
$4,277
Mortgage P&I
81%
$2,534
Property Taxes
2%
$65
Home Insurance
6%
$173
HOA
0%
$0
Property Management
15%
$471
CapEx
4%
$125
Vacancy
0%
$0
Maintenance
4%
$125
Other
25%
$784