This property looks like a bad Airbnb investment with a projected -16.63% first-year return on $122k initial cash invested.
-16.63%
Cash On Cash
2.83%
Cap Rate
0.43
DSCR
$3,492
Rent
-$1,696
Cashflow
Cash Flow
$3,492 income − $5,188 expenses = $1,696 out of pocket
Investment Breakdown
|
Purchase Price
$497k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$122k
Downpayment
20%
$99,400
Closing costs
1%
$4,970
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,492
Total Expenses
$5,188
Mortgage P&I
78%
$2,728
Property Taxes
13%
$470
Home Insurance
5%
$175
HOA
4%
$138
Property Management
15%
$524
CapEx
4%
$140
Vacancy
0%
$0
Maintenance
4%
$140
Other
25%
$873