This property looks like a bad Airbnb investment with a projected -13.63% first-year return on $121k initial cash invested.
-13.63%
Cash On Cash
3.64%
Cap Rate
0.55
DSCR
$3,700
Rent
-$1,378
Cashflow
Cash Flow
$3,700 income − $5,078 expenses = $1,378 out of pocket
Investment Breakdown
|
Purchase Price
$492k
Downpayment
20.0%
Interest Rate
7.4%
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
$3,700
Total Expenses
$5,078
Mortgage P&I
74%
$2,722
Property Taxes
9%
$337
Home Insurance
5%
$175
HOA
2%
$68
Property Management
15%
$555
CapEx
4%
$148
Vacancy
0%
$0
Maintenance
4%
$148
Other
25%
$925