This property looks like a bad Airbnb investment with a projected -22.01% first-year return on $122k initial cash invested.
-22.01%
Cash On Cash
1.53%
Cap Rate
0.23
DSCR
$2,382
Rent
-$2,237
Cashflow
Cash Flow
$2,382 income − $4,619 expenses = $2,237 out of pocket
Investment Breakdown
|
Purchase Price
$495k
Downpayment
20.0%
Interest Rate
7.5%
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
$2,382
Total Expenses
$4,619
Mortgage P&I
117%
$2,775
Property Taxes
22%
$528
Home Insurance
7%
$173
HOA
0%
$0
Property Management
15%
$357
CapEx
4%
$95
Vacancy
0%
$0
Maintenance
4%
$95
Other
25%
$596