This property looks like a bad Airbnb investment with a projected -18.37% first-year return on $121k initial cash invested.
-18.37%
Cash On Cash
1.82%
Cap Rate
0.3
DSCR
$1,974
Rent
-$1,858
Cashflow
Cash Flow
$1,974 income − $3,832 expenses = $1,858 out of pocket
Investment Breakdown
|
Purchase Price
$492k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$121k
Downpayment
20%
$98,420
Closing costs
1%
$4,921
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$1,974
Total Expenses
$3,832
Mortgage P&I
128%
$2,526
Property Taxes
9%
$183
Home Insurance
9%
$175
HOA
0%
$0
Property Management
15%
$296
CapEx
4%
$79
Vacancy
0%
$0
Maintenance
4%
$79
Other
25%
$494