This property looks like a bad Airbnb investment with a projected -15.38% first-year return on $122k initial cash invested.
-15.38%
Cash On Cash
2.75%
Cap Rate
0.44
DSCR
$3,488
Rent
-$1,559
Cashflow
Cash Flow
$3,488 income − $5,047 expenses = $1,559 out of pocket
Investment Breakdown
|
Purchase Price
$494k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$122k
Downpayment
20%
$98,700
Closing costs
1%
$4,935
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,488
Total Expenses
$5,047
Mortgage P&I
73%
$2,549
Property Taxes
19%
$648
Home Insurance
5%
$175
HOA
0%
$0
Property Management
15%
$523
CapEx
4%
$140
Vacancy
0%
$0
Maintenance
4%
$140
Other
25%
$872