This property looks like a bad Airbnb investment with a projected -14.08% first-year return on $122k initial cash invested.
-14.08%
Cash On Cash
3.27%
Cap Rate
0.51
DSCR
$2,985
Rent
-$1,431
Cashflow
Cash Flow
$2,985 income − $4,416 expenses = $1,431 out of pocket
Investment Breakdown
|
Purchase Price
$495k
Downpayment
20.0%
Interest Rate
7.1%
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
$2,985
Total Expenses
$4,416
Mortgage P&I
89%
$2,662
Property Taxes
5%
$149
Home Insurance
6%
$173
HOA
0%
$0
Property Management
15%
$448
CapEx
4%
$119
Vacancy
0%
$0
Maintenance
4%
$119
Other
25%
$746