This property looks like a bad Airbnb investment with a projected -19.6% first-year return on $122k initial cash invested.
-19.6%
Cash On Cash
1.75%
Cap Rate
0.27
DSCR
$2,100
Rent
-$1,990
Cashflow
Cash Flow
$2,100 income − $4,090 expenses = $1,990 out of pocket
Investment Breakdown
|
Purchase Price
$495k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$122k
Downpayment
20%
$98,900
Closing costs
1%
$4,945
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$2,100
Total Expenses
$4,090
Mortgage P&I
125%
$2,627
Property Taxes
13%
$280
Home Insurance
8%
$175
HOA
0%
$0
Property Management
15%
$315
CapEx
4%
$84
Vacancy
0%
$0
Maintenance
4%
$84
Other
25%
$525