This property looks like a bad Airbnb investment with a projected -16.86% first-year return on $122k initial cash invested.
-16.86%
Cash On Cash
2.77%
Cap Rate
0.42
DSCR
$3,174
Rent
-$1,713
Cashflow
Cash Flow
$3,174 income − $4,887 expenses = $1,713 out of pocket
Investment Breakdown
|
Purchase Price
$495k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$122k
Downpayment
20%
$99,000
Closing costs
1%
$4,950
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,174
Total Expenses
$4,887
Mortgage P&I
86%
$2,728
Property Taxes
15%
$462
Home Insurance
5%
$173
HOA
0%
$0
Property Management
15%
$476
CapEx
4%
$127
Vacancy
0%
$0
Maintenance
4%
$127
Other
25%
$794