This property looks like a bad Airbnb investment with a projected -15.11% first-year return on $121k initial cash invested.
-15.11%
Cash On Cash
3.2%
Cap Rate
0.48
DSCR
$3,227
Rent
-$1,522
Cashflow
Cash Flow
$3,227 income − $4,749 expenses = $1,522 out of pocket
Investment Breakdown
|
Purchase Price
$490k
Downpayment
20.0%
Interest Rate
7.3%
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
$3,227
Total Expenses
$4,749
Mortgage P&I
84%
$2,699
Property Taxes
10%
$329
Home Insurance
5%
$172
HOA
0%
$0
Property Management
15%
$484
CapEx
4%
$129
Vacancy
0%
$0
Maintenance
4%
$129
Other
25%
$807