This property looks like a bad Airbnb investment with a projected -11.42% first-year return on $121k initial cash invested.
-11.42%
Cash On Cash
3.71%
Cap Rate
0.6
DSCR
$3,514
Rent
-$1,153
Cashflow
Cash Flow
$3,514 income − $4,667 expenses = $1,153 out of pocket
Investment Breakdown
|
Purchase Price
$491k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$121k
Downpayment
20%
$98,280
Closing costs
1%
$4,914
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,514
Total Expenses
$4,667
Mortgage P&I
72%
$2,532
Property Taxes
8%
$290
Home Insurance
5%
$158
HOA
0%
$0
Property Management
15%
$527
CapEx
4%
$141
Vacancy
0%
$0
Maintenance
4%
$141
Other
25%
$878