This property looks like a bad Airbnb investment with a projected -16% first-year return on $122k initial cash invested.
-16%
Cash On Cash
3.04%
Cap Rate
0.46
DSCR
$3,728
Rent
-$1,632
Cashflow
Cash Flow
$3,728 income − $5,360 expenses = $1,632 out of pocket
Investment Breakdown
|
Purchase Price
$497k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$122k
Downpayment
20%
$99,460
Closing costs
1%
$4,973
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,728
Total Expenses
$5,360
Mortgage P&I
74%
$2,741
Property Taxes
18%
$685
Home Insurance
4%
$145
HOA
0%
$0
Property Management
15%
$559
CapEx
4%
$149
Vacancy
0%
$0
Maintenance
4%
$149
Other
25%
$932