This property looks like a bad Airbnb investment with a projected -12.15% first-year return on $121k initial cash invested.
-12.15%
Cash On Cash
3.64%
Cap Rate
0.59
DSCR
$4,637
Rent
-$1,229
Cashflow
Cash Flow
$4,637 income − $5,866 expenses = $1,229 out of pocket
Investment Breakdown
|
Purchase Price
$492k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$121k
Downpayment
20%
$98,420
Closing costs
1%
$4,921
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$4,637
Total Expenses
$5,866
Mortgage P&I
55%
$2,537
Property Taxes
20%
$933
Home Insurance
4%
$171
HOA
0%
$0
Property Management
15%
$696
CapEx
4%
$185
Vacancy
0%
$0
Maintenance
4%
$185
Other
25%
$1,159